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PUBLIC DOCUMENT .... .... No. 9. 



FOKTY-FIFTH ANNUAL REPORT 



or THE 



Insurance Commissioner 



or THE 



Cnmmnnfomltjj ai ^mmlgmtttB. 



January 1, 1900. 



PART I. 

FIRE AND MARINE INSURANCE. 



BOSTON : 
WRIGHT & POTTER PRINTING CO., STATE PRINTERS, 
18 Post Office Square. 
1900. 
0t 



'■ 



I 5"^ 

A 



TABLE OF CONTENTS. 



[For Index to Companies, see end of volume.] 



COMMISSIONER'S REPORT. 

PAGE 

Introductory, v 

Companies authorized during 1899, v 

Companies ceasing to do business during 1899, vi 

The Home Guaranty Mutual Insurance Company, viii 

Reinsurance to escape impairment x 

Commonwealth v. Nutting, xv 

Supreme Court decision xvi 

Insolvent mutual fire companies, xviii 

o • 

RECEIPT8 AND EXPENDITURES OF THE DEPARTMENT, xix 

Comparative tables xxi 

Massachusetts Mutual Fire Insurance Companies : 

Comparative Table A, xxiii 

Massachusetts Mutual Fire-Marine Insurance Companies: 

Comparative Table B, xxiii 

Massachusetts Joint-Stock Insurance Companies: 

Comparative Table C xxiv 

Insurance Companies. of Other States: 

Comparative Table D, xxv 

• • • * • • * 

United States Branches of Foreign Insurance Companies: 

Comparative Table E, xxvi 

Aggregates of all the companies, xxvii 

MA88ACHU8ETT8 BUSINESS : 

Comparative Table F, xxviii 

Table G. — Fire risks written, premiums received and losses incurred in 

Massachusetts, xxviii 

Statistical tables, xxix 



IV TABLE OF CONTENTS. 

Massachusetts Mutual Fire Insurance Companies : page 

Table I. —Risks, assets, liabilities and surplus, . . . . xxx 
Table II. — Gross cash income and expenditures, premiums, losses and 

expenses, xxxii 

Massachusetts Mutual Marine Insurance Companies: 

Table III. — Guaranty fund, scrip, risks, assets, liabilities and surplus, . xxxiv 
Table IV. — Gross cash income and expenditures, premiums, losses and 

expenses xxxiv 

Massachusetts Joint-Stock Insurance Companies: 

Table V. — Cash capital, risks, assets, liabilities and surplus, . . . xxxv 

Table VI. — Risks written, premiums received and losses paid, . . xxxvi 

Table VII. — Gross cash income and expenditures, expenses and dividends, xxxvi 

Insurance Companies of Other States : 

Table VIII. — Cash capital, risks, assets, liabilities and surplus, . . . xxxvii 
Table IX. — Risks written, premiums received and losses paid, . . xli 

Table X. — Gross cash income and expenditures, expenses and dividends, xlvi 

United States Branches: 

Table XI. — Showing deposits, etc 1 

Table XII — Income, expenditures, expenses, etc., lii 

Massachusetts Business in Detail: 

Table XIII. — Risks written, premiums received, losses paid, etc., . . lv 

Table XIV. — Receipts and expenditures of the insurance department, . lxi 



DETAILED STATEMENTS. 
Massachusetts mutual fire companies, ...... 

Massachusetts mutual marine companies, ..... 

Massachusetts joint-stock tire and fire-marine companies, . 
Fire, marine and fire-marine insurance companies of other States, 
United States branches of foreign companies, .... 



Appendix, 



1 

87 

93 

111 

411 

519 



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Insurance Department, Boston, April 5, 1900. 

To the General Court of Massachusetts. 

Herewith is submitted, in compliance with the provisions of 
law, that part of the annual report of the Insurance Commis- 
sioner relating to fire and marine insurance. Besides the 
detailed statements of the various companies authorized to 
transact these two classes of insurance business in this Com- 
monwealth, it contains the usual statistical tables, designed to 
show briefly the standing and volume of business of the com- 
panies, together with their income and expenditures. 

As might naturally have been prophesied from the unprofita- 
bleness of the business of fire insurance the past year, the 
number of companies knocking for admission to this State dur- 
ing the year was quite small, — in fact, only seven, and one of 
them was a company formed by the consolidation of two others 
which had been doing business here, so that practically the 
admissions were only six, as against twenty-five the preceding 
year, when the pendulum of fire losses swung in favor of the 
companies and made it a fairly prosperous one for them, — a 
prosperity which many were eager to share. No domestic 
company entered the field during the year and only one left it. 
The record of accessions for the past ten years is as follows : 
1899, 6; 1898, 25; 1897, 23; 1896, 18; 1895, 11; 1894, 
13; 1893, 6; 1892, 3; 1891, 8; 1890, 9. 

The tabular statements below give a list of the companies 
authorized, and also those ceasing to do business in the Com- 
monwealth, during 1899 : — 



VI 



REPORT OF THE 



Fire Companies authorized during the Year 1899. 



NAME OF COMPANY. 



Location. 



Date of 
Authority, 



Capital. 



Bavarian Mortgage and Exchange Bank, 
Pelican Assurance, .... 

United Fire, 

Fidelity Fire 

Globe and Rutgers, .... 
North German Fire, .... 
Kings County Fire, .... 



Bavaria, 
New York, 
Baltimore, 
Baltimore, 
New York, 
New York, 
New York, 



. . 


Mar. 21, 


• 


May 1, 


• 


May 3, 


• 


May 4, 


• 


May 10, 


• 


Aug. 2, 


• 


Sept. 29, 



$200,000* 
200,000 
250,000 
500,000 
400,000 
200,000 
200,000 



* Deposit capital. 



Fire Companies ceasing to do Business during 1899. 



NAME OF COMPANY. 



Location. 



Date. 



Remarks. 



Manhattan Fire, 

Home Guaranty Mutual, . 

Manufacturers and Merchants, 

Howard Fire, 

National Fire, 

Globe Fire, 

Rockford, . 

American Fire, 

Alliance Assurance, 

Washington Assurance, . 

Grand Rapids, . . . 



New York, . 


Jan. 


27, 


Lowell, Mass., 


Feb. 


18, 


Pittsburg, 


Apr. 


1, 


Baltimore, 


May 


1, 


Baltimore, 


May 


1, 


New York, . 


Feb. 


9, 


Rockford, 111., 


June 


12, 


Baltimore, 


July 


25, 


London, Eng.. 


Dec. 


31, 


New York, . 


Dec. 


31, 


Michigan, 


Dec. 


31, 



Withdrew. 

Reinsured In New Hampshire 

Fire. 
Reinsured in Fidelity Fire. 

Reinsured in United Fire. 

Reinsured in United Fire. 

Merged with Rutgers. 

Reinsured in American, N. J. 

Withdrew. 

Withdrew. 

Withdrew. 

Withdrew. 



Since Jan. 1, 1900, four fire insurance companies have been 
authorized to do business here, namely : the Potomac Insurance 
Company of Georgetown, District of Columbia, capital $200,- 
000 ; the Nassau Fire Insurance Company of Brooklyn, N. Y., 
capital $200,000 ; and the Moscow Fire and Salamandra, both 
of Russia. Each of the Russian companies made a deposit of 
$200,000 with the New York insurance department for the pro- 
tection of their respective policy holders in this country. 

Six companies have retired from Massachusetts or had their 
authority to do business here revoked since January 1 , namely : 



INSURANCE COMMISSIONER. Vll 

the Southern Insurance Company of New Orleans, which with- 
drew ; the Wisconsin Fire Insurance Company, which reinsured 
its business in the Concordia ; the Traders of New York and 
Armenia of Pittsburg, which withdrew on account of impaired 
capital ; and the Globe and Rutgers Insurance Company and 
the Insurance Company of the State of New York, whose cer- 
tificates of authority were revoked for reinsuring Massachusetts 
risks in an unauthorized company. 

The revocation of the authority of the two companies last 
named seems to warrant a few words of comment. Our law is 
very plain and positive in its prohibition of the reinsurance of 
property in this Commonwealth in companies that have not 
been admitted to do business herein. The reason for the pro- 
hibition is twofold at least, — a desire to have such reinsurance 
placed in sound companies, and to give companies which com- 
ply with the Massachusetts laws providing for their admission 
the advantage to which they are justly entitled. In fact, so 
stringent is the statute that it requires a foreign company, as 
one of the prerequisites of its admission, to file a sworn decla- 
ration, signed by its president and secretary, that it will not 
reinsure any risk or part thereof (except an affidavit risk) taken 
by it on any property located in Massachusetts with any com- 
pany not authorized to transact the business of fire insurance in 
this Commonwealth. 

The Globe and Rutgers, as has already been noted, was 
admitted during the year, and its president and secretary made 
the sworn declaration required by law. Nevertheless, within 
six months the company reinsured Massachusetts risks by the 
wholesale in an unauthorized company. The Insurance Com- 
missioner, upon reasonable proof of the transaction, immedi- 
ately sent notice to the company of the revocation of its 
authority. Its president, Mr. E. C. Jameson, offered in 
extenuation the excuse that it did not occur to him that the 
reinsuring company was not admitted to Massachusetts ; but 
the commissioner deemed such carelessness in observing the 
plain provisions of the law as wholly inexcusable, and refused 
to withdraw the revocation. 



Vlll REPORT OF THE 

The Home Guaranty Mutual Insurance Company. 

Perhaps no subject relating to fire insurance has been a matter 
of more correspondence by this department than the assessment 
recently levied by the Home Guaranty Mutual Fire Insurance 
Company of Lowell, a company chartered in 1895 with a guar- 
anty capital of $50,000. From the start it was unfortunate and 
unsuccessful. Its first annual report to this department showed 
that it had a balance to the good of only $2,000, and its second 
revealed an impairment of the guaranty capital, which impair- 
ment continued to grow in the successive statements. In Feb- 
ruary, 1899, it reinsured its risks with the New Hampshire Fire 
Insurance Company, having at that time used up half its capital 
in the payment of losses. Near the close of the year its direc- 
tors voted to levy an assessment upon the policy holders to fill 
up the gap in said capital, and thus save its stockholders from 
loss by their venture. Notices of an assessment, which was 
about 80 per cent, of the original premium, were sent out, and 
then the bombardment of this department with letters from the 
policy holders of the company began. Great surprise was ex- 
pressed that a company with a guaranty capital could make an 
assessment while any of the capital remained. " We were told 
by the agents," said many victims, "that the guaranty capital 
was for the purpose of preventing an assessment, and we should 
have kept out had we supposed to the contrary." Then followed 
the natural question, " What is a capital for, if not to protect 
the policy holders ? Is it simply to absorb profits and be exempt 
from losses if the experience of the company be unfortunate? 
Are the dice loaded, so that the guaranty capital holders cannot 
lose?" 

It is not remarkable, perhaps, that these policy holders felt 
aggrieved when they were notified of the assessment, for few 
persons know, and, not knowing, would for a moment believe, 
that the law is so partial as to give holders of guaranty capital 
any special privilege or exemptions from the risk of loss over 
stock companies. When informed that such stockholders are 
entitled to 3% per cent, semi-annually in dividends if profits 
will stand it, and to have any impairment of their stock made 
good by an assessment upon their policy holders, they can 



INSURANCE COMMISSIONER. IX 

hardly credit the statement. However, such is the advantage 
given such capital when impaired, as appears from the provi- 
sions of section 42 of the insurance law, which allows the direc- 
tors to make good the whole or any part of it by assessments 
upon the contingent funds of the company at the date of the 
impairment. 

Thus the guaranty capital is absolutely protected if the con- 
tingent funds of the company are sufficient, and, unlike stock 
capital, is not put in jeopardy. There can be, however, no 
secret or arbitrary or unwarranted proceedings in regard to an 
assessment if the policy holders do not slumber on their rights ; 
for the law explicitly says that any policy holder or creditor 
may apply to the supreme judicial court to examine the assess- 
ment, the need therefor, and all matters connected therewith, 
and to ratify, amend or annul it, or order the same to be made, 
as justice and law may require. 

But in spite of this right given to a policy holder to have an 
assessment reviewed by the highest judicial authority of the 
Commonwealth, the commissioner is convinced that the office 
of a guaranty capital is not of sufficient advantage to warrant 
the exemption from liability accorded to it by the law. What 
purposes of safety to the policy holders does the guaranty capi- 
tal serve ? It is difficult to discover any, so far as the general 
policy holder is concerned, for he has the same burden of lia- 
bility with as without it. Its only advantage to the policy 
holder is that in case of loss when a mutual company is young 
it provides cash assets for making immediate settlement of 
losses ; but this is not an advantage that may not be secured 
at less cost in another way, for it is open to a new mutual com- 
pany, following the example of those old mutuals that collect 
no cash premium until after a loss, to settle for a loss promptly 
by obtaining from a bank or elsewhere a temporary loan, thus 
paying for the use of only such an amount of money as is needed, 
and for the time needed, and not for a great sum like a guaranty 
capital as a permanent loan, which, in effect, it is. It not only 
performs no office that gives it a reasonable excuse for existing, 
but, on the other hand, is a burden to the extent that the divi- 
dends paid on its account exceed the interest which it earns, and 
is a source of dissatisfaction and trouble, for the reason that it 



X REPORT OF THE 

affords a pretext for unscrupulous agents to represent that the 
policy holders are protected from a liability to assessment by 
the capital of the company, — a plausible statement to the unin- 
itiated, but very sobering when a company is unsuccessful, and 
calls upon the policy holders to make up the impairment of the 
capital. Much to be preferred is the ordinary plan of mutual 
insurance, where the members know what to expect when ex- 
cessive losses occur. It seems proper, therefore, that this pro- 
vision of the law, which gives the directors of a guaranty capital 
company authority to levy upon the policy holders to make good 
the impairment of capital, should be stricken from the law, and 
capital, whether called stock or guaranty, be made to perform 
its proper function of standing between the policy holder and 
loss. If it is to have the profits of the business, it should share 

its risk. 

Reinsurance to escape Impairment. 

It is well known by those familiar with the management of 
fire insurance companies that if business runs along uniformly 
and prosperously the reserve, or unearned premium, of com- 
panies doing a similar business will bear a fairly uniform ratio 
to the gross premium receipts. An application of this test to 
the December statements of the stock fire insurance companies 
doin^ business in this Commonwealth revealed a wide diver- 
gence in results, — too wide in fact to warrant this department 
in passing it over without a close scrutiny to discover if the 
reasons therefor indicated a weakness in the financial condition 
of any of the companies. In one case the reserve was only 
12 per cent, of the premiums received, and in a few others the 
ratio was far from satisfactory. An investigation showed that 
the companies to which these low ratios attached had reinsured 
a large block of risks, in some cases at the very end of the year, 
which reinsurance had the effect, if not made for the purpose, 
of saving them from impairment. It is hardly too much to say 
that the unloading took place in order to relieve the liability 
for reserve, and by this act to shift the balance to show a sur- 
plus instead of an impairment. Looked at in one way, this is 
legitimate ; that is, the law allows a company to reinsure and 
to take credit for reinsurance in authorized companies. But 
this view of the matter should not obscure the fact that a com- 



INSURANCE COMMISSIONER. XI 

pany reduced to such straits to show solvency does not inspire 
faith in its financial strength nor give evidence of prosperity 
and success. 

It is well perhaps, in this connection, to show how such a 
handling of the business would affect the liabilities and also the 
funds of the company forced to adopt it. An example will 
bring it clearly before the eye. A company has annual pre- 
miums in force on December 30, let us say, amounting to 
$300,000. It should charge itself with 50 per cent, of the 
amount, or $150,000, as a reserve for unearned premiums. 
But this charge would impair the company, say $10,000. To 
avoid the necessity of making such a statement to the public, 
the officers apply to another company and offer $200,000 of 
those premiums for reinsurance. An agreement is reached and 
a contract made whereby the original insuring company is to 
pay company No. 2 65 per cent, of the unearned premium on 
the $200,000, or $65,000, for assuming the risks. This reduces 
the assets of company No. 1 by the $65,000 which it pays the 
reinsuring company, and reduces its liability $100,000, the 
unearned premium it would have had to carry on the $200,000 
had it not made the reinsurance deal. The net result is that 
the company which before the transaction was impaired $10,000 
now has a surplus of $25,000 and passes as solvent. 

But let us take a more extreme case, to show what might be 
accomplished with that wonderful Aladdin's lamp of reinsurance 
under a lax administration by insurance departments. Two 
companies, we will say, instead of one, are in an impaired con- 
dition as the close of the year approaches, each lacking $50,000 
in funds to establish an equilibrium between assets and liabili- 
ties. But their managers know a thing or two, and they 
mutually agree by contract that each company shall reinsure 
$200,000 with the other. Before the change the liability of 
each company for reserve on this amount was $100,000. Each 
company agrees to assume these risks for the other for 60 per 
cent, of the unearned premium. If each charges itself as a 
reserve 50 per cent, of what it is to receive, it would make that 
charge $30,000. The result, therefore, is that each company 
relieves itself of a liability of $100,000 for reserve and accepts 
one of $30,000, a net gain of $70,000, which, wonderful to re- 



Xll REPORT OF THE 

late, has changed an impairment of $50,000 to a surplus of 
$20,000 with all the ease of a magician's touch. 

A condition of affairs like that shown by the first illustration 
is evident in the transactions of some of the companies report- 
ing to this department, and, with a proper charge for reserve 
by the company assuming the risks, is permissible, though not 
reassuring. But no such swapping of risks on an extended 
scale as is betokened by the second illustration has taken place 
with any of the companies coming under the jurisdiction of this 
department. However, it is a transaction that would be clearly 
possible if the various insurance departments should fail in alert- 
ness to detect and firmness in dealing with such proceedings. 

The practical question in both cases is, What reserve shall 
the company carry which assumes the risks ? In the case involv- 
ing the reciprocity deal the financial solvency created as if by 
magic would vanish like a dissolving view if each company 
interested in the deal were required to hold on the annual risks 
it assumed by reinsurance 50 per cent, of the amount written 
in the original policies and a proportionate amount for term 
policies. In a transaction where only one company unloads, 
the company assuming the risks should hold a reserve on exactly 
the same basis. That this is so is easily demonstrated by a con- 
sideration of certain facts relating to averages upon which the 
computation of the reserve is based. The reserve in fire 
insurance is a fund sufficient to allow a company to cancel all 
its policies by returning to the policy holders, as provided in 
the contracts, a sum that bears the same ratio to the total pre- 
mium written in the policy that the unexpired term of the policy 
bears to the whole time covered by it ; or, as the Massachusetts 
standard form of policy has it, a sum which is * ■ a ratable pro- 
portion of the premium." These demands are satisfied if a 
company writing annual business at a fairly uniform rate dur- 
ing each month of the year charges itself with 50 per cent, 
of the premiums received as a reserve. This was made clear 
by a former commissioner, Hon. John E. Sanford, thirty-five 
years ago, who said in one of his annual reports that, assuming 
that the annual business done and the rates charged ■ ■ are uni- 
form throughout the year, it is plain that the reserve for rein- 
surance at the end of the year on risks taken during the year 



INSURANCE COMMISSIONER. 



Xll] 



would be just 50 per cent, of the whole amount of premiums 
received." This he makes apparent to the eye by the following 
table, in which he says it is assumed, for convenience, that " all 
the risks are taken at the middle of each month, and the premium 
on each month's risk is represented by twelve for the whole year, 
or one for each month of the year. 



RISKS WHEN TAKEN. 



Amount of 
Premiums 
received. 



Proportion of 

Twelfths of 

Premium 

earned, Nov. 1, 

1866. 



Proportion of 

Twelfths of 

Premium not 

earned, Nov. 1, 

1866. 



1865, November 15, 

1865, December 15, 

1866, January 15, . 
1866, February 15, 
1866, March 15, . 
1866, April 15, 
1866, May 15, . 
1866, June 15, 
1866, July 15, 
1866, August 15, . 
1866, September 15, 
1866, October 15, . 

Totals, . 



12 
12 
12 
12 
12 
12 
12 
12 
12 
12 
12 
12 



11.5 
10.5 
9.5 
8.5 
7.5 
6.5 
5.5 
4.5 
3.5 
2.5 
1.5 
.5 



144 



72. 



.5 
1.5 
2.5 
3.5 
4.5 
5-5 
6.5 
7.5 
8.5 
9.5 
10.5 
11.5 



72. 



The footings show that the 7 %44, or one-half of the year's 
premiums, are unearned, and should be held for reinsurance at 
its close." 

It is thus evident that the reserve demands are satisfied if 
50 per cent, of the premiums in force are in hand if the business 
is taken in uniform volume month by month and at the same 
rate. Any departure from this uniformity either of monthly 
volume or of rate would almost certainly destroy the equilibrium. 
If, for instance, a company writes a small amount of business 
in January and a large amount in December, the 50 per cent, 
basis would be wholly inadequate, as is evident from an exam- 
ple. Suppose $12,000 in premiums on annual policies are 
written the first month of the year, and $120,000 the last ; those 
written in January will average to have a half month longer to 
run December 31, and the reserve would properly be a twenty- 



XIV REPORT OF THE 

fourth of $12,000, or $500. The contracts written in Decem- 
ber, on the other hand, would average to have eleven and a half 
months to run, and the reserve should be twenty-three twenty- 
fourths of $120,000, or $115,000, making the total reserve on 
the business of the two months $115,500. On the 50 per cent, 
basis it would have been $66,000, or 50 per cent, of $120,000 
plus $12,000. The difference is $49,500. It is true this exam- 
ple presents an exaggerated case, but it nevertheless shows what 
in kind takes place whenever there is an overbalancing volume 
of risks assumed near the close of the year. 

So also the same thing happens if a company in mid-year re- 
insures all its risks, and, continuing to do business the balance 
of the year, charges itself but 50 per cent, reserve on its annual 
risks taken during the six months prior to December 31. Here 
it is evident that the equilibrium is destroyed unless the com- 
pany assuming the risks charges itself with a reserve equal to 
half the amount written in the original policies it has assumed. 
The foundation requirement is that one of the two companies, 
or both together, must hold for a reserve on annual business 
50 per cent, of the amount written in the original policies, just 
as the original company must have held it had no reinsurance 
deal been effected. 

From what has been said it must be clearly apparent that when 
insurance companies unload large blocks of risks near the close 
of the year, to escape impairment, as was the case with several 
companies, it becomes important to know whether the reinsurers 
charged themselves with an adequate reserve for carrying the 
risks to maturity. If they assumed a liability of only 50 per 
cent, of the amounts respectively received for assuming the 
risks, it is plain that the reserve is defrauded. But if on annual 
business they charged themselves with 50 percent, of the reserve 
written in the origiual policies, there is presumably no depart- 
ure from sound principles as far as the reinsuring companies are 
concerned. This department has taken pains to inform itself 
as to the reserve set aside by the companies which have come 
to the rescue of those floundering beyond their depth, and is 
assured that in most cases the amount so charged is exactly 
what the reinsured company would have carried as a liability 
had the deals not been effected. The department therefore has 



INSURANCE COMMISSIONER. XV 

no ground of complaint against the companies which have 
assumed the risks, where it has appeared to its satisfaction that 
there is set aside an amount sufficient to meet the demands for 
a reserve computed on the usual basis. When this is done, and 
proper conditions go into the contract, reinsurance deals are 
not necessarily a menace to the public, although it is not possi- 
ble to hold in high esteem a company that finds it necessary to 
unload to save impairment. Under a proper return for reserve, 
no liability on this account is avoided by a reinsurance deal. 
What the unloading company escapes the rescuing one assumes, 
and, if it is an authorized company, as has been said before, the 
public is protected. 

Commonwealth v. Nutting. 

Our supreme court rendered a decision the past year which 
is of great importance in sustaining our laws relative to agents 
and brokers, and giving the rights and advantages that are their 
due to those companies which do not seek to evade taxes and 
other public burdens by underground methods of obtaining 
business, but in a manly and open way seek admission for 
authority to do business in this Commonwealth. A brief state- 
ment of the facts upon which the opinion is based is as fol- 
lows : — 

Charles H. Nutting, the defendant, was a licensed insurance 
broker in Boston, and was agent for Johnson & Higgins, aver- 
age adjusters and insurance brokers, whose principal office is in 
New York. The defendant in the course of his business as 
agent for Johnson & Higgins solicited from William McKie, a 
shipbuilder in Boston, the business of procuring insurance upon 
a vessel then in process of construction by McKie in Boston, 
and secured the authority of McKie to the placing of the insur- 
ance upon the vessel. The defendant sent the order for the 
insurance to Johnson & Higgins in New York, who, through 
their Liverpool agents, procured a policy from the London 
Lloyds, insuring the vessel in favor of Johnson & Higgins, and 
" on account of whom it may concern, as well as in their own 
as for and in the name and names of all and every other person 
or persons to whom the same doth, may or shall appertain." 
The London Lloyds were individual insurers, citizens of Eng- 



XVI REPORT OF THE 

land engaged as principals in the business of insurance under 
authority of the laws of England. Johnson & Higgins at the 
time of receiving the policy advanced the premiums through 
their Liverpool agents and sent the policy to the defendant, who 
sent it to McKie. Johnson & Higgins were paid a commission 
on the insurance by the London Lloyds, which had not com- 
plied with the insurance laws of Massachusetts. The policy 
was brokered for McKie from the London Lloyds for compensa- 
tion in the usual course of business of Johnson & Hi^orins and 

DO 

of the defendant. 

The complaint was made under sections 87 and 98 of the 
insurance laws, charging the defendant with negotiating and 
transacting unlawful insurance with a foreign insurance com- 
pany not admitted to do business in this Commonwealth, and 
the case was tried before the superior court on an agreed state- 
ment of facts. The court instructed the jury that upon the evi- 
dence set forth in said statement of facts they would be 
warranted in finding the defendant guilty ; to which ruling the 
defendant excepted, and the case went to the supreme court, 
which overruled the exceptions in the following opinion : — 

Holmes, C. J. The defendant is indicted for acting in the nego- 
tiation and transaction of unlawful insurance by negotiating in Boston 
with foreign insurers not admitted to do insurance business in this 
Commonwealth, and procuring a policy of insurance upon a vessel in 
Boston, to be issued by them. The agreed facts sustain the indict- 
ment, subject to certain questions which are brought before us by 
exceptions to a ruling that the facts warranted the jury in finding the 
defendant guilty, and to the refusal of several requests which need 
not be mentioned in detail. 

The foundation of the defendant's argument is the decision in 
Allgeyer v. Louisiana, 165 U. S. 578. That was a proceeding by the 
State to recover a penalty for violating a State law intended to pre- 
vent dealing with any marine insurance company that had not com- 
plied with the law. The defendants were the parties insured. The 
policy, an open one, was issued outside the State, and the only act 
done within the State was the mailing of a letter describing certain 
cotton to which the defendants desired the policy to attach. But the 
court intimate somewhat broadly that a State Legislature cannot make 
it unlawful for a man to make a contract of insurance outside the 
State, although he resides and is present in the State at the time when 
the contract is made. It now is contended that, if this is so, it can- 



INSURANCE COMMISSIONER. XVI 1 

not be unlawful for another man to obey a request to get such insur- 
ance, if made by the one who wants it, and that the contract in the 
present case was made outside the Commonwealth, on principles which 
cannot be affected by St. 1894, c. 522, § 3. It might be argued fur- 
ther that at the least this was not unlawful insurance, and so that this 
particular indictment fails, whether the defendant had done a punish- 
able act or not. 

We bow to the decision and even to the intimation of the case cited 
without criticism. But that case expressly leaves intact the settled 
power of the State to impose such condition as it pleases upon the 
doing of any business by foreign insurance companies within its bor- 
ders. Although the reasoning of many of the cases turns on the fact 
that such companies are corporations, we apprehend that the power 
is not dependent upon that fact, but is an unsurrendered portion of 
the State's general right to legislate. (See. 165 U. S. 591 ; Leaven- 
worth v. Booth, 15 Kans. 627, 634.) One main object in imposing 
such conditions in this Commonwealth is to secure people against 
fraudulent or worthless contracts, and, in case of litigation, to save 
them from having to go abroad. (See Lamb v. Lamb, 4 Bliss, 420, 
422.) We assume, until it is decided otherwise, that the power to 
enforce these objects will be regarded as too important and substan- 
tial to be defeated by a device, even though the device apart from its 
purpose would only embody a common law right. We are of opin- 
ion, therefore, that, notwithstanding the right of McKie, if so minded, 
to apply from Boston to the London Lloyds for insurance, the Legis- 
lature has power to prohibit the agents of the Lloyds, as well as the 
Lloyds themselves, from soliciting business in Boston, and to make 
that prohibition effectual by providing that it shall not be escaped by 
an agreement making the solicitors the agents of the insured in the 
transaction. In other words, while the Legislature cannot impair the 
freedom of McKie to elect with whom he will contract, it can prevent 
the foreign insurers from sheltering themselves under his freedom in 
order to solicit contracts which otherwise he would not have thought 
of making. It may prohibit not only agents of the insurers but also 
brokers from soliciting or intermeddling in such insurance, and for 
the same reasons. What we have said goes very little if any further 
than what is laid down in similar terms in Hooper v. California, 155 
U. S. 648, 657, 658 ; and the authority of that case is saved in terms 
in Allgeyer v. Louisiana, and is recognized again in Orient Ins. Co. 
v. Daggs, 172 U. S. 557, 566. (See, further, Pierce v. People, 106 
111., 11.) 

What the Legislature can do it has done by St. 1894, c. 522. By 
section 3 "it shall be unlawful . . . for any person as insurance 
agent or insurance broker to make, negotiate, solicit, or in any manner 



XV111 REPORT OF THE 

aid in the transaction of " insurance upon any property or interests in 
this Commonwealth or with any resident thereof, except as authorized 
by the act. By section 98, " any person who shall act in any manner 
in the negotiation or transaction of unlawful insurance with a foreign 
insurance company not admitted to do business in this Commonwealth 
or who as principal or agent shall violate any provision of this act in 
regard to the negotiation or effecting of contracts of insurance " is sub- 
jected to a penalty. ■ 

Whether the description of the insurance in the indictment as un- 
lawful be rejected as surplusage, or whether the insurance be held to 
be unlawful within the meaning of the act and indictment because 
transacted through a broker acting unlawfully, an offence under the 
statute is set forth, and the defendant properly was convicted. It is 
unnecessary to consider whether the same result could be reached in 
another way. Possibly, for the reasons given above, it would be 
within the power of the Legislature to enact that the insurance broker 
should be regarded as the agent of the insurers, whatever the agree- 
ment of the parties, and in that way reach the result that any contract 
made through him when he and the insured were here would be made 
in this State, and thus would be subject to our laws. Possibly it 
might be argued that such was the effect of our statute, although, if 
so, it fails to state it as clearly as could be wished. See sections 3 
and 87, 90. 

Exceptions overruled. 

The case has now gone to the supreme court of the United 
States on appeal. 

Insolvent Mutual Fire Companies. 

Bay State Mutual Fire. — Herbert Parker, Worcester, re- 
ceiver, appointed Dec. 28, 1895. Receiver has made his final 
report to the court, showing that the decrees of the court have 
been carried out, and that there remained in his hands $152.15. 

Commonwealth Mutual Fire. — William B. Stevens, receiver, 
209 Washington Street, Boston, appointed May 28, 1895. Out 
of an assessment of $250,000, levied in March, 1896, $95,069.57 
has been collected. There is a balance in the hands of receiver, 
amounting to $21,980.89, of which about $19,000 was collected 
the past year. The unpaid liabilities amount to $20,498.48. 
The receiver expects to pay all claims in full. 

Eastern Mutual Fire. — Fred H. Kidder, 82 Devonshire 
Street, Boston, receiver, appointed Feb. 2, 1897. The re- 



INSURANCE COMMISSIONER. XIX 

ceiver's statement shows $405.19 on hand Dec. 31, 1899. Dis- 
bursements during the year amounted to $504.92 and the re- 
ceipts to $125.32. 

Eagle Mutual Fire. — R. D. Weston-Smith, 53 State Street, 
Boston, receiver, appointed May 14, 1897. The receiver has 
a balance of $226.43 in hand, and the unpaid liabilities amount 
to $3,076.68. The amount collected during the year was 
$221.05, and the amount of disbursements, in accordance with 
the decrees of the court, $3,227.13. 

Melrose Mutual Fire. — Alpheus Sanford, Mason building, 
Boston, appointed receiver Nov. 26, 1895. In April, 1897, 
an assessment of $40,420.77 was levied, to cover a liability of 
$10,233.80, and this assessment was confirmed by the supreme 
court May 12, 1897. The amount of the assessment collected 
up to Dec. 31, 1899, was $9,577.67, and the amount of liabili- 
ties still unpaid was $4,756.55. The balance of cash on hand 
is $1,372.41. 

Suffolk Mutual Fire. — James C. Davis, 65 Mason building, 
Boston, receiver, appointed March 22, 1895. The third report 
of the receiver to the court, dated Sept. 20, 1899, showed a 
balance of $179.04 in the hands of the receiver. 

Receipts and Expenditures of the Department. 

The receipts of the insurance department for the year 1899 
were $76,038.97 and its total expenditures $39,519.63, leaving 
a surplus of $36,519.34 accruing to the Commonwealth. Aside 
from the amount required for salaries, the expenditures of the 
department were $3,494.68, of which $2,176.40 was for print- 
ing and postage. 

Respectfully submitted, 

FRED'K L. CUTTING, 

Insurance Commissioner. 



COMPARATIVE TABLES. 



Comparative Table A. — Massachusetts Mutual Fire Insurance 

Companies. 





1898.* 


1899.* 


Increase or 
Decrease in 1899. 


Assets (including contingent), 


$34,839,177 


$35,739,225 


$900,048 


Liabilities, .... 


5,429,144 


5,334,828 


—94,316 


Cash surplus, . 






5,687,760 


5,931,533 


243,773 


Income, . 






5,687,138 


5,724,413 


37,275 


Expenditures, . 






5,688,977 


5,578,716 


—110,261 


Risks written, . 






547,175,332 


578,801,981 


31,626,649 


Net premiums received, 






5,212,520 


5,242,981 


30,461 


Risks outstanding, . 






872,344,039 


896,764,638 


24,420,599 


Losses paid, 






1,057,620 


1,136,836 


79,216 


Losses incurred, 






1,073,830 


1,093,082 


19,252 


Assessments collected, 






13,944 


19,144 


5,200 


Profits returned, 






3,734,553 


3,579,707 


—154,846 


Expenses, . 






868,938 


833,797 


—35,141 



* Forty-five companies. 

Comparative Table B. — Massachusetts Mutual Fire-Marine 

Insurance Companies. 





1898.* 


1899.* 


Increase or 
Decrease in 1899. 


Assets, 


$495,769 


$464,981 


—$30,788 


Liabilities, .... 


194,487 


242,519 


48,032 


Surplus, 


301,282 


222,462 


—78,820 


Income, 


348,600 


323,933 


—24,667 


Expenditures, .... 


354,256 


407,790 


53,534 


Risks written, .... 


25,385,118 


31,994,882 


6,609,764 


Net premiums received, . 


334,442 


317,179 


—17,263 


Losses paid, .... 


257,630 


308,972 


51,342 


Losses incurred, 


253,476 


300,585 


47,109 


Risks outstanding, . 


9,348,604 


10,793,684 


1,445,080 


Expenses, 


69,755 


74,890 


5,135 


Scrip dividends declared, 


- 


- 


- 


Scrip redeemed, 


- 


- 


- 


Scrip outstanding, . 


656,561 


656,561 


- 



* Two companies. 



XXIV 



REPORT OF THE 



Comparative Table C. — Massachusetts Joint-Stock Insurance 

Companies. 





1898.* 


1899.* 


Increase or 
Decrease In 1899. 


Cash capital, .... 


13,400,000 


13,400,000 


- 


Assets, 


9,458,238 


9,535,891 


$77,653 


Liabilities, .... 


2,791,750 


2,986,704 


194,954 


Surplus, .... 


6,666,488 


6,549,187 


—117,301 


Income, .... 


3,688,754 


3,807,117 


118,363 


Expenditures, 


3,469,613 


3,985,875 


516,262 


Fire risks written, 


324,232,918 


352,272,427 


28,039,509 


Fire premiums received (net), 


2,553,134 


2,678,652 


125,518 


Marine risks written, . 


101,247,893 


161,106,082 


59,858,189 


Marine premiums rec'd (net), 


762,049 


758,023 


—4,026 


Fire losses paid, . 


1,382,664 


1,641,271 


258,607 


Marine losses paid, 


519,242 


709,069 


189,827 


Fire losses incurred, 


1,408,712 


1,769,097 


360,385 


Marine losses incurred, 


678,831 


801,272 


122,441 


Fire risks outstanding, . 


375,053,855 


425,893,915 


50,840,060 


Marine risks outstanding, . 


5,082,528 


5,859,689 


777,161 


Expenses, .... 


1,262,810 


1,314,401 


51,591 


Cash dividends declared, 


304,000 


304,000 


- 



* Five companies. 



INSURANCE COMMISSIONER. 



XXV 



Comparative Table D. — Fire and Marine Insurance Companies of 

Other States. 



1898.* 



1899. t 



Increase or 
Decrease in 1899. 



Cash capital, . 

Assets, . 

Liabilities, 

Surplus, 

Income, . 

Expenditures, 

Fire risks written, 

Fire premiums received (net), 

Marine risks written, . 

Marine premiums rec'd (net), 

Fire losses paid, . 

Marine losses paid, 

Fire losses incurred, 

Marine losses incurred, 

Fire risks outstanding, . 

Marine risks outstanding, 

Expenses, 

Cash dividends declared, 



$50,730,875 

223,835,603 

93,791,014 

130,044,589 

95,762,232 

91,585,961 

10,345,012,254 

79,606,818 

1,725,462,287 

6,948,506 

45,071,493 

4,781,025 

45,582,810 

6,515,452 

13,325,266,069 

190,574,606 

33,441,206 

6,102,463 



$50,002,875 

221,158,964 

96,162,411 

124,996,553 

98,319,440 

101,720,080 

11,059,679,214 

81,237,258 

1,947,423,601 

7,231,379 

52,450,999 

6,549,427 

53,720,548 

5,766,698 

13,964,453,794 

191,231,171 

34,565,273 

6,173,912 



—$728,000 

—2,676,639 

2,371,397 

—5,048,036 

2,557,208 

10,134,069 

714,666,960 

1,630,440 

221,961,314 

282,873 

7,379,506 

1,768,402 

8,137,738 

—748,754 

639,187,725 

656,565 

1,124,067 

71,449 



* One hundred and seventeen companies. f One hundred and eleven companies. 



XXVI 



REPORT OF THE 



Comparative Table E. — United States Branches of Foreign 

Companies. 





1898. # 


1899.* 


Increase or 
Decrease in 1899. 


Deposit capital, 


$9,900,000 


$9,900,000 


- 


Assets in United States, 


70,358,650 


70,491,078 


$132,428 


Liabilities in United States, . 


40,055,652 


42,459,712 


2,404,060 


Surplus, .... 


30,302,998 


28,031,366 


—2,271,632 


Income, 


49,238,909 


51,172,068 


1,933,159 


Expenditures, 


44,942,366 


50,725,672 


5,783,306 


Fire risks written, 

- 


6,174,717,465 


6,255,729,842 


81,012,377 


Fire premiums received (net), 


42,733,053 


44,905,713 


2,172,660 


Marine risks written, . 


2,030,581,083 


2,168,069,202 


137,488,119 


Marine premiums rec'd (net), 


3,926,089 


3,657,638 


—268,451 


Fire losses paid, . 


25,286,757 


31,082,031 


5,795,274 


Marine losses paid, 


2,662,463 


2,139,763 


—522,700 


Fire losses incurred, 


26,200,926 


31,473,193 


5,272,267 


Marine losses incurred, 


2,908,663 


2,213,665 


—694,998 


Fire risks outstanding, . 


6,584,899,115 


7,081,449,078 


496,549,963 


Marine risks outstanding, 


87,790,172 


57,462,816 


— ?0,327,356 


Expenses, .... 


16,993,136 


17,503,856 


510,720 



* Forty-six companies. 



INSURANCE COMMISSIONER. 



XXV11 



Aggregates of All the Companies. 





1898. 


1899. 


Increase or 
Decrease in 1899. 


Cash capital, .... 


$64,030,875 


$63,302,875 


—$728,000 


Assets (including contingent 

of mutual companies) . 
Liabilities, .... 


338,987,437 
142,262,047 


337,390,139 
147,186,174 


—1,597,298 
4,924,127 


Surplus, .... 


173,003,117 


165,731,101 


—7,272,016 


Income, 


154,725,633 


159,346,971 


4,621,338 


Expenditures, 


146,041,173 


162,418,083 


16,376,910 


Fire risks written, 


17,715,370,887 


18,251,894,733 


536,523,846 


Fire premiums received (net), 


130,161,469 


134,113,002 


3,951,533 


Marine risks written, . 


3,876,326,301 


4,303,182,498 


426,856,197 


Marine premiums rec'd (net), 


11,915,202 


11,915,821 


619 


Fire losses paid, . 


72,834,182 


86,362,245 


13,528,063 


Marine losses paid, 


8,184,713 


9,656,124 


1,471,411 


Fire losses incurred, 


74,303,536 


88,103,266 


13,799,730 


Marine losses incurred, 


10,319,164 


9,034,874 


—1,284,290 


Fire risks outstanding, . 


21,162,847,831 


22,373,523,056 


1,210,675,225 


Marine risks outstanding, 


287,511,157 


260,385,729 


—27,125,428 


Expenses, .... 


52,635,845 


54,292,217 


1,656,372 


Cash dividends declared, 


6,406,463 


6,477,912 


71,449 



xx vm 



REFORT OF THE INSURANCE COMMISSIONER. 



Comparative Table F. — Massachusetts Business.* 




* For details of this business see Table XIII. 



Table G. — Fire Bisks written, Premiums received and Losses 
incurred in Massachusetts. 







Premiums 




YEAR. 


Fire Risks Written. 


Received. 


Losses Incurred. 


1876, 


8528,211,058 


$5,974,268 


$2,738,180 


1877, 










585,928,271 


5,998,124 


2,572,185 


1878, 










558,019,711 


5,506,392 


2,438.121 


1879, 










520,814,369 


5,026,482 


2,500,451 


1880, 










609,132,542 


5,479,552 


3,005,273 


1881, 










642,542,633 


5,845,354 


2,884,047 


1882, 










686,030,272 


6,244,053 


4,915,949 


1883, 










710,197,514 


6,896,367 


3,763,949 


1884, 










655,613.160 


7,067,149 


3,865.956 


1885, 










661,380,951 


7,402,583 


3,132,235 


1886, 










694,473,662 


7,838,425 


3.369,294 


1887, 










765,304,046 


8,371,714 


3,136,774 


1888, 










832,038,483 


8,702,006 


4,444,322 


1889, 










825,962,689 


8,601,963 


9,284,464 


1890, 










871,117,341 


9,039,865 


3,798,502 


1891, 










863,343,089 


8,719,803 


5,104.694 


1892, 










960,872.674 


10,006,986 


4,140,396 


1893, 










1,030,196,564 


10,727,167 


8,329,015 


1894, 










986,624,142 


10,518.365 


5,182.400 


1895, 










1,020,680,686 


11,032,012 


4,029,954 


1896, 










1,063.078,568 


11,248,934 


4,801,014 


1897, . 










1,161,264,907 


11,999,382 


3,785.399 


1898, 










1,147,230,625 


11,371,974 


5,664,369 


1899, . ... 


1,188,040,192 


11,457,578 


5,715,845 


Tots 


ils, 






• 


$19,568,098,149 


$201,076,498 


$102,602,878 



STATISTICAL TABLES. 



XXX 



REPORT OF THE 



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INSURANCE COMMISSIONER. 



XXXV 



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XXXVI 



REPORT OF THE 



Table VI. — Massachusetts Joint-Stock Insurance Companies. 

Fire Business. 



NAME OF COMPANY. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Ratio of 
Loss to Pre- 
miums Re- 
ceived. 



American, .... 
Boston, .... 
Mercantile Fire and Marine, 
North American, . 
Springfield Fire and Marine, 
Totals, .... 



$26,940,252 
64,271,560 
24,082,703 
25,193,384 

211,784,528 



$213,801 
430,344 
178,960 
163,365 

1,692,182 



$132,561 

246,728 

99,540 

96,202 

1,066,240 



$352,272,427 



$2,678,652 



$1,641,271 



62.02 
57.33 
55.61 
58.87 
63.00 



60.00 



Marine Business. 



Boston 

Mercantile Fire and Marine, 
Totals 



$161,106,082 



$161,106,082 



$756,313 
1,710 



$758,023 



$709,069 



93.76 



$709,069 93.55 



Table VII. — Massachusetts Joint-Stock Insurance Companies. 



NAME OF COMPANY. 


Gross Cash 
Income. 


Gross 
Cash Ex- 
penditures. 


Expenses.* 


Ratio of 

Expenses to 

Premiums 

Received. 


Cash 
Dividends 
Declared. 


American, . . . 

Boston, .... 

Mercantile Fire and 

Marine. 
North American, 

Springfield Fire and 
Marine. 


$237,067 

1,303,364 

204,653 

183,166 

1,878,867 


$260,538 

1,421,068 

204,774 

173,210 

1,926,285 


$92,977 

365,110 

81,165 

65,104 

710,045 


43.49 
84.85 
45.3» 
39.84 
41.96 


$18,000 

100,000 

24,000 

12,000 

150,000 


Totals, 


$3,807,117 


$3,985,875 


$1,314,401 


49.05 $304,000 



* Excluding losses, dividends, return premiums and drawbacks ajid premiums on reinsurance. 



INSURANCE COMMISSIONER. 



XXXV11 



Table VIII. — Insurance Companies of Other States. 



NAME OF COMPANY. 


Cash 
Capital. 


Amount at 

Risk 

Dec. 31, 1899.* 


Gross 

Assets. 


Gross 
Liabilities. 


Surplus as 

regards 
Policy Hold- 
ers Dec. 31, 
1899. 


^Etna, 


$4,000,000 


$540,704,533 


$12,722,346 


$3,827,688 


$8,894,658 


Agricultural, 


500,000 


217,416,200 


2,132,123 


1,042,307 


1,089,816 


Albany 


250,000 


14,003,850 


484,907 


72,015 


412,892 


American, .... 


600,000 


259,231,717 


3,543,145 


1,532,602 


2,010,543 


American Central, 


600,000 


116,230,306 


1,874,824 


803,250 


1,071,574 


American Fire (New York), 


400,000 


139,238,165 


1,290,938 


665,263 


625,675 


American Fire (Phila.)i • 


500,000 


200,026,109 


2,568,941 


1,730,522 


838,419 


American Lloyds, 


- 


22,837,694 


563,995 


111,896 


452,099 


Armenia, .... 


250,000 


22,770,187 


440,807 


212,645 


228,162 


Assurance Co. of America, 


200,000 


25,179,798 


550,959 


182,688 


368,271 


Atlantic Mutual, . 


- 


128,918,525 


10,424,131 


2,492,019t 


7,932,112 


British American, 


200,000 


29,812,332 


381,117 


152,471 


228,646 


Buffalo Commercial, . 


200,000 


15,036,201 


343,941 


102,416 


241,525 


Buffalo German, 


200,000 


62,882,496 


2,012,741 


350,554 


1,662,187 


Caledonian American, 


200,000 


12,349,109 


361,754 


90,387 


271,367 


Capital Fire, 


200,000 


24,143,976 


445,469 


206,319 


239,150 


Citizens' (New York), 


300,000 


76,366,640 


786,973 


382,373 


404,600 


Citizens' (St. Louis), . 


200,000 


7,018,497 


421,204 


80,475 


340,729 


Colonial Assurance, . 


200,000 


32,157,387 


449,237 


265,664 


183,573 


Commerce, .... 


200,000 


16,159,816 


405,146 


100,475 


304,671 


Commercial Union, . 


200,000 


15,984,861 


328,387 


106,882 


221,505 


Commonwealth, . 


500,000 


22,940,301 


928,602 


141,278$ 


787,324 


Concordia 


200,000 


81,743,780 


939,008 


555,094 


383,914 


Connecticut Fire, 


1,000,000 


264,193,583 


3,777,951 


1,826,149 


1,951,802 


Continental, 


1,000,000 


829,124,137 


9,672,161 


4,679,810 


4,992,351 


Delaware 


702,875 


107,434,944 


1,538,067 


743,195 


794,872 


Detroit Fire and Marine, . 


500,000 


28,049,558 


1,303,707 


181,103 


1,122,604 


Eastern 


200,000 


23,004,738 


530,104 


265,103 


265,001 


Empire City, 


200,000 


13,535,356 


335,586 


77,425 


258,161 


Equitable Fire and Marine, 


400,000 


45,862,548 


878,039 


302,649 


575,390 



* Including perpetual fire risks. f Not including scrip outstanding, $6,279,700. 

X Not including scrip outstanding, $11,699. 



XXXV111 



REPORT OF THE 



Table VIII. — Insurayice Companies of Other States — Continued. 



NAME OF COMPANY. 


Cash 
Capital. 


Amount at 

Risk 

Dec. 31, 1899.* 


Gross 

Assets. 


Gross 
Liabilities. 


Surplus as 

regards 
Policy Udd- 
ers, Dec. 31, 
1899. 


Erie Fire 


$200,000 


$46,258,140 


$614,879 


$261,112 


$353,767 


Farmers' Fire, . . 


- 


59,905,113 


759,860 


418,749 


341,111 


Fidelity Fire, 


500,000 


34,927,564 


806,843 


224,653 


582,190 


Fire Association, 


500,000 


452,818,202 


6,188,465 


4,754,112 


1,434,353 


Fire Ins. Co., Co. of Phila., 


400,000 


27,638,856 


944,712 


358,523 


586,189 


Fireman's Fund, 


1,000,000 


206,137,675 


3,751,256 


1,636,332 


2,114,924 


Firemen's (Baltimore), 


500,000 


59,781,928 


910,599 


366,111 


544,488 


Firemen's (Newark), 


1,000,000 


75,318,236 


2,510,500 


418,949 


2,091,551 


Franklin Fire, 


400,000 


138,293,319 


3,120,027 


1,615,795 


1,504,232 


German (Freeport), . 


200,000 


256,689,766 


3,446,194 


1,957,496 
250,492 


1,488,698 


German Alliance, 


400,000 


45,067,175 


870,281 


619,789 


German American, . 


1,000,000 


643,948,752 


8,072,954 


3,183,200 


4,889,754 


German (Pittsburg), . 


200,000 


31,959,499 


518,174 


218,722 


299,452 


Germania Fire, . 


1,000,000 


383,340,151 


4,737,207 


1,689,532 


3,047,675 


Girard Fire and Marine, . 


300,000 


116,579,741 


2,061,699 


1,135,870 


925,829 


Glens Falls, 


200,000 


171,696,726 


3,291,190 


966,919 


2,324,271 


Granite State, 


200,000 


33,082,016 


554,159 


267,273 


286,886 


Greenwich, .... 


200,000 


237,895,613 


1,668,473 


1,171,980 


496,493 


Hanover Fire, 


1,000,000 


228,174,618 


3,011,696 


1,432,230 


1,579,466 


Hartford Fire, . 


1,250,000 


929,980,170 


10,555,820 


5,907,592 


4,648,228 


Home 


3,000,000 


908,107,554 


13,029,253 


5,260,451 


7,76S,802 


Home Mutual, 


300,000 


45,735,633 


914,459 


335,032 


579,427 


Indemnity Fire, . 


200,000 


9,070,316 


344,581 


62,713 


281,868 


Ins. Co. of No. America, . 


3,000,000 


649,430,539 


8,977,415 


4,540,087 


4,437,328 


Ins. Co. State of Penn., 


200,000 


33,678,857 


699,594 


457,635 


241,959 


International, 


200,000 


14,955,449 


336,255 


78,818 


257,437 


Kings County Fire, . 


200,000 


8,987,620 


362,270 


51,858 


310,412 


Lafayette Fire, . 


200,000 


18,130,878 


347,779 


143,652 


204,127 


Liverpool & Lond. & Globe, 


200,000 


4,976,090 


273,381 


42,581 


230,800 


Lumbermen's, 


250,000 


32,032,164 


1,202,641 


399,551 


803,090 



* Including perpetual fire risks. 



INSURANCE COMMISSIONER. 



XXXIX 



Table VIII. — Insurance Companies of Other States — Continued. 



NAME OF COMPANY. 


Cash 
Capital. 


Amount at 

Risk 
Dec. 31, 1899.* 


Gross 
Assets. 


Gross 
Liabilities. 


Surplus as 

regards 
Policy Hold- 
ers, Dec. 31, 
1899. 


Magdeburg Fire, 


$200,000 


$11,751,695 


$290,656 


$70,189 


$220,467 


Mechanics', .... 


250,000 


36,474,590 


931,457 


446,963 


484,494 


Mechanics' and Traders', . 


300,000 


17,852,956 


482,323 


164,584 


317,739 


Merchants' (Newark), 


400,000 


143,726,465 


1,543,416 


920,328 


623,088 


Merchants' (Providence), . 


200,000 


31,734,890 


609,799 


193,289 


416,510 


Michigan Fire and Marine, 


400,000 


33,874,097 


791,638 


216,492 


575,146 


Middlesex Mutual, 


- 


39,980,787 


838,565 


168,153 


670,412 


Millers' and Manufacturers', 


- 


8,849,783 


234,805 


125,360 


109,445 


Millers' National, 


200,000 


18,966,327 


721,927 


252,545 


469,382 


Milwaukee Fire, . 


200,000 


10,520,564 


349,782 


127,507 


222,275 


Milwaukee Mechanics', 


200,000 


133,270,119 


2,506,649 


964,719 


1,541,930 


National 


1,000,000 


341,874,125 


4,502,227 


2,102,026 


2,400,201 


National Standard, 


200,000 


21,563,783 


551,682 


168,334 


383,348 


Newark Fire, 


250,000 


25,691,513 


693,599 


128,053 


565,546 


New Hampshire Fire, 


1,000,000 


169,669,734 


3,358,309 


1,385,982 


1,972,327 


New York Fire, . 


200,000 


21,621,600 


425,671 


168,364 


257,307 


Niagara Fire, 


500,000 


269,411,288 


2,605,022 


1,513,342 


1,091,680 


No. British and Mercantile, 


200,000 


1,505,973 


303,240 


7,341 


295,899 


Northern, .... 


200,000 


5,850,600 


299,220 


85,743 


213,477 


North German Fire, . 


200,000 


4,604,580 


282,967 


40,586 


242,381 


North River, 


350,000 


47,211,624 


851,180 


246,773 


604,407 


Northwestern National, . 


600,000 


224,167,966 


2,747,146 


1,274,806 


1,472,340 


Norwalk Fire, . 


200,000 


29,797,044 


566,802 


161,660 


405,142 


Orient 


500,000 


166,054,800 


2,400,936 


1,215,501 


1,185,435 


Pacific Fire, 


200,000 


67,900,249 


799,760 


479,084 


320,676 


Pelican Assurance, . 


200,000 


7,300,525 


347,723 


50,425 


297,298 


Pennsylvania Fire, 


400,000 


371,880,866 


5,086,556 


2,565,497 


2,521,059 


Phenix, .... 


1,000,000 


528,941,503 


5,612,476 


3,315,848 


2,296,628 


Phoenix 


2,000,000 


374,153,345 


5,271,909 


2,231,444 


3,040,465 


Providence Mutual, . 


- 


24,905,337 


430,309 


138,522 


291,787 



* Including perpetual fire risks. 



xl 



REPORT OF THE 



Table VIII. — Insurance Companies of Other States — Concluded. 



NAME OF COMPANY. 


Cash 
Capital. 


Amount at 

Risk 

Dec. 31, 1899.* 


Gross 
Assets. 


Gross 
Liabilities. 


Surplus as 

regards 

Policy Hold- 

ers, Dec. 31, 

1899. 


Providence Washington, . 


$500,000 


$153,331,193 


$2,062,260 


$1,145,730 


$916,530 




500,000 


295,227,289 


4,229,945 


1,532,547 


2,697,398 


Reading Fire, 


250,000 


50,325,920 


859,359 


362,299 


497,060 


Reliance, .... 


300,000 


64,718,393 


1,001,601 


456,196 


545,405 


Rochester German, . 


200,000 


62,425,817 


1,124,457 


375,863 


v 594 


Security 


300,000 


70,168,801 


1,014,092 


517,080 


497,012 


Spring Garden, . 


400,000 


65,594,038 


1,375,535 


831,062 


544,473 


St. Paul Fire and Marine, . 


500,000 


152,884,412 


2,385,650 


1,348,535 


1,037,115 


Teutonia 


250,000 


29,222,997 


727,967 


260,513 


467,454 


Thuringia-American, . 


200,000 


18,113,303 


399,055 


142,670 


256,385 


Traders' (Chicago), . 


500,000 


101,890,426 


2,241, 0S1 


778,299 


1,462,782 


Traders' (New York), 


200,000 


24,610,081 


325,901 


163,670 


162,231 




200,000 


39,017,241 


581,334 


279,842 


301,492 


United Fire, 


250,000 


21,337,606 


531,238 


125,966 


405,272 


United Firemen's, 


300,000 


80,634,533 


1,539,014 


1,029,328 


509,686 


United States Fire, . 


250,000 


39,759,100 


670,972 


312,883 


358,089 


United States Lloyds, 


- 


12,437,296 


872,663 


502,960 


369,703 


Victoria Fire, 


200,000 


8,767,592 


262,588 


61,950 


200,638 


"Westchester Fire, 


300,000 


222,466,229 


2,692,812 


1,255,880 


1,436,932 


Western 


300,000 
i 


26,733,934 


541,265 


202,647 


338,618 


Williamsburgh City, . 


250,000 
$50,002,875 


135,954,332 
$14,155,684,965 


1,963,498 


656,294 


1,307,204 


Totals, . . . . 


$221,158,964 


$96,162,411 


$124,996,553 



* Including perpetual fire risks. 



INSURANCE COMMISSIONER. 



xli 



Table IX. — Insurance Companies of Other States. 
Fire Business. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Ratio of Loss 

to Premiums 

Received. 


^Etna 




$411,164,794 


$3,659,283 


$2,271,004 


62.07 


Agricultural, . 




155,256,500 


877,494 


572,347 


65.22 


Albany 




10,016,296 


77,507 


50,988 


65.79 


American (Newark), 




260,005,996 


1,009,356 


389,300 


38.56 


American Central, . 




87,427,251 


828,212 


530,620 


64.07 


American Fire (New York), 




165,463,094 


794,167 


486,140 


61.21 


American Fire (Philadelphia), 




140,846,046 


1,199,242 


857,514 


71.52 


American Lloyds, . 




29,104,935 


184,606 


85,528 


46.33 


Armenia, .... 




17,900,375 


208,929 


159,297 


76.26 


Assurance Co., of America, . 




34,007,222 


157,835 


128,121 


81.18 


British American, . 




48,699,096 


187,148 


156,106 


83.43 


Buffalo Commercial, . 




14,460,505 


117,104 


57,593 


49.18 


Buffalo German, . 




44,595,458 


350,506 


154,180 


43.99 


Caledonian-American, . 




15,468,413 


92,502 


71,473 


77.26 


Capital Fire, .... 




28,415,159 


208,348 


154,842 


74.31 


Citizens' (New York), . 




103,289,748 


577,701 


390,233 


67.54 


Citizens' (St. Louis), . 




33,977,688 


82,389 


19,845 


24.09 


Colonial Assurance, 




41,702,674 


244,596 


249,012 


104.20 


Commerce, . 




12,506,146 


106,973 


61,034 


57.04 


Commercial Union, 




28,002,292 


I 124,938 


64,784 


51.87 


Commonwealth 




28,302,161 


170,837 


111,624 


65.34 


Concordia 




64,411,452 


514,365 


274,963 


53.46 


Connecticut Fire 




188,995,838 


1,857,855 


1,061,967 


57.16 


Continental 




512,214,400 


3,876,079 


2,274,160 


58.67 


Delaware, 




82,980,838 


688,871 


437,866 


63.56 


Detroit Fire and Marine, 




21,740,958 


160,905 


87,012 


54.08 


Eastern 




116,678,321 


405,860 


403,892 


99.51 


Empire City, 




16,698,911 


130,232 


52,542 


40.35 


Equitable Fire and Marine, . 




38,084,271 


327,949 


193,438 


58.98 


Erie Fire 




40,383,884 


258,492 


170,524 


65.96 


Farmers' Fire 




36,910,577 


388,510 


241,721 


62.21 



xlii 



REPORT OF THE 



Table IX. — Insurance Companies of Other States — Continued. 
Fire Business — Continued. 



NAME OF COMPANY. 



Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Ratio of Loss 

to Premiums 

Received. 


$58,775,225 


$295,780 


$107,318 


36.27 


268,750,929 


2,510,056 


1,806,862 


71.99 


24,275,397 


132,373 


82,557 


62.36 


139,974,634 


1,415,323 


854,376 ! 


60.33 


57,047,720 


337,776 


198,985 


58.91 


45,251,627 


387,452 


186,341 


48.08 


55,207,530 


485,613 


304,106 


62.62 


145,822,722 


1,427,048 


804,202 


56.36 


41,407,069 


223,238 


193,522 


86.60 


475,024,068 


2,687,637 


1,801,900 


67.04 


25,728,101 


220,421 


132,446 


60.07 


232,632,215 


1,204,572 


702,632 


53.31 


52,722,275 


371,944 


225,384 


60.61 


94,878,480 


809,805 


462,300 


57.09 


35,354,660 


341,254 


217,536 


63.73 


168,091,106 


963,831 


649,915 


67.43 


192,034,366 


1,488,541 


1,094,720 


73.54 


703,848,081 


6,289,105 


4,089,571 


65.03 


734,860,822 


4,197,748 


2,420,935 


57.67 


38,964,749 


357,795 


214,983 


60.09 


12,892,676 


86,176 


37,352 


43.34 


531,041,337 


3,603,574 


2,473,368 


63.62 


31,876,753 


274,568 


189,127 


68.86 


22,478,589 


86,834 


56,566 


65.15 


10,530,129 


43,265 


28,096 


64.94 


24,651,145 


168,041 


108,150 


64.40 


8,720,335 


59,491 


25,408 


42.71 


19,689,898 


118,557 


102,981 


86.85 


17,781,663 


95,216 


106,042 


111.30 


23,761,710 


202,975 


167,846 


S2.66 


27,830,905 


182,159 


137,999 


75.74 


121,416,587 


927,301 


661,827 


71.37 



Fidelity Fire 

Fire Association, 

Fire Insurance Co., County of Phila., . 
Fireman's Fund, 

Firemen's (Baltimore), . 

Firemen's (Newark) 

Franklin Fire, 

German (Freeport), . 

German Alliance, 

German American 

German (Pittsburg), . 

Germania Fire 

Girard Fire and Marine, 

Glens Falls 

Granite State, 

Greenwich 

Hanover Fire, 

Hartford Fire 

Home, 

Home Mutual 

Indemnity Fire 

Insurance Co. of North America, 
Insurance Co., State of Pennsylvania, 
International, 

Kings County Fire, . 

Lafayette Fire, 

Liverpool and London and Globe, 

Lumbermen's, 

Magdeburg Fire, 

Mechanics' 

Mechanics' and Traders', 
Merchants' (Newark) 



INSURANCE COMMISSIONER. 



xliii 



Table IX. — Insurance Companies of Other States — Continued. 
Fire Business — Continued. 



NAME OF COMPANY. 


Risks 

Written. 


Premiums 
Received. 


Losses 
Paid. 


Ratio of Loss 

to Premiums 

Received. 


Merchants' (Providence), 






$23,347,516 


$211,942 


$168,370 


79.47 


Michigan Fire and Marine, . 






27,312,155 


228,482 


136,518 


59.74 


Middlesex Mutual, 






11,746,982 


73,032 


66,971 


91.70 


Millers' and Manufacturers', 






9,619,122 


170,228 


123,066 


72.33 


Millers' National, . 






10,634,604 


296,505* 


240,346 


81.05 


Milwaukee Fire, 






24,911,620 


143,799 


143,458 


99.79 


Milwaukee Mechanics', 






106,361,043 


923,886 


587,728 


63.61 


National, .... 






288,694,936 


2,179,157 


1,356,497 


62.23 


National Standard, 






31,458,175 


179,823 


143,120 


79.59 


Newark Fire 






18,240,784 


121,421 


82,769 


68.18 


New Hampshire Fire, . 






144,652,453 


1,197,477 


733,282 


61.26 


New York Fire, 






27,964,315 


156,767 


137,926 


87.94 


Niagara Fire 






216,026,854 


1,540,375 


999,381 


64.90 


North British and Mercantile, 






11,655,534 


3,001 


47,037 


1,567.38 


North German Fire, 






5,839,682 


20,325 


3,678 


18.09 


North River, .... 






48,970,720 


271,969 


178,274 


65.55 


Northern 






53,934,494 


241,388 


266,221 


110.30 


Northwestern National, 






115,412,419 


954,008 


501,634 


52.58 


Norwalk Fire, 






34,741,440 


147,003 


101,208 


68.84 


Orient, 






130,405,487 


1,274,494 


942,039 


73.94 


Pacific Fire, .... 






58,536,283 


400,188 


276,279 


69.04 


Pelican Assurance, 






9,415,688 


48,821 


9,421 


19.30 


Pennsylvania Fire, 






215,831,929 


1,648,620 


1,225,529 


74.35 


Phenix 






348,367,044 


3,132,611 


1,859,511 


59.37 


Phoenix, 






316,773,892 


2,676,376 


1,796,329 


67.11 


Providence Mutual, 






6,846,811 


67,823 


23,687 


34.93 


Providence Washington, 






153,032,757 


1,013,209 


764,272 


75.45 


Queen, 






238,258,657 


1,805,441 


1,233,370 


68.31 


Reading Fire, .... 






41,682,443 


396,776 


261,707 


65.95 


Reliance, 






39,709,982 


290,167 


222,349 


76.60 


Rochester German, 






50,694,568 


368,944 


183,091 


49.63 


Security, 






67,336,922 


477,698 


321,312 


67.26 



* Including assessments on deposit notes. 



xliv 



REPORT OF THE 



Table IX. — Insurance Companies of Other States — Continued. 
Fire Business — Concluded. 



NAME OF COMPANY. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Ratio of Loss 

to Premiums 

Received. 



Spring Garden, 

St. Paul Fire and Marine, 

Teutonia, 

Thuringia-American, 

Traders' (Chicago), 

Traders' (New York), 
Union, 

United Fire, . 
United Firemen's, . 
United States Fire, 

United States Lloyds, 
Victoria Fire, . 
"Westchester Fire, . 
Western, 

Williamsburgh City, 
Totals, 



$105,485,953 

135,012,986 

37,646,212 

18,332,206 

102,522,056 

62,095,334 
30,590,558 
15,522,953 
33,840,389 
32,934,647 

11,559,883 

178,628,009 

20,111,404 

83,944,311 



$382,935 

1,475,964 

373,385 

146,672 

878,434 

374,487 
259,679 
137,970 
262,185 
234,125 

86,171 

1,301,200 

177,670 

640,365 



$386,713 
1,007,584 

241,400 
62,567 | 

521,719 I 

349,322 
190,668 
56,283 
189,903 
148,444 

58,765 
782,103 
135,564 
318,761 



106.60 
68.29 
64.65 
42.65 
59.39 

93.27 
73.43 
40.78 
72.42 
63.39 

68.20 
60.11 
76.31 
49.78 



$11,059,679,214 $81,237,25S $52,450,999 



64.56 



Marine Business. 



./Etna 

Assurance Company of America, 
Atlantic Mutual, . 
Citizens' (St. Louis), . 
Colonial, 



Delaware, .... 
Detroit Fire and Marine, 
Equitable Fire and Marine, . 

Erie Fire 

Fireman's Fund, 



Greenwich 

Home, 

Home Mutual, 

Insurance Company of North America, 



$142,632,342 

570,848,798 

165,313 

3,023,101 

5,698,726 
22S.659 

107,2S1,183 

65,765,614 

88,384,029 

4,413,207 

392,422,764 



$256,968 

37 

2,970,170 

773 

2S.085 

46,637 

1,252 

5,069 

393,607 

152,364 

240,731 

56,289 

1,804,037 



$172,331 

11,452 

2,212,607 

6 

24,152 

537 

54,422 

219 

141,355 

357,633 

147,758 

199,472 

37,954 

1,923,007 



67.04 

74.51 

.78 

85.97 

116.70 
17.49 

96.98 

67.44 
106.60 



INSURANCE COMMISSIONER. 



xlv 



Table IX. — Insurance Companies of Other States — Concluded. 
Marine Business — Concluded. 



NAME OF COMPANY. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Ratio of Loss 

to Premiums 

Received. 



Mechanics' and Traders' 

National Standard, 
New York Fire, 

Orient 

Providence Washington, 
Security, .... 



St. Paul Fire and Marine, 
Teutonia, . . 

United States Fire, 
United States Lloyds, 
Western, . 
Totals, 



$4,270,442 

2,244,250 

934,160 

142,518,333 

6,038,264 

47,713,639 

5,217,559 

2,212,660 

365,379,444 

31,114 



$1,947,423,601 



$7,761 

37 

« 47,675 

26,386 

362,474 

50,444 

337,711 
25,978 
31,826 

384,806 
262 



$7,231,379 



$5,390 

16,066 
60,217 
27,618 
310,552 
53,981 

323,213 
18,285 
34,880 

416,320 



69.45 

126.30 

104.70 

85.68 

107.00 

95.71 

70.35 

109.60 

108.20 



$6,549,427 



90.57. 



xlvi 



REPORT OF THE 



Table X. — Insurance Companies of Other States. 



NAME OF COMPANY. 


Gross Cash 
Income. 


Gross Cash 
Expendi- 
tures. 


Expenses. 


Ratio of 

Expenses to 

Premiums 

Received. 


Cash 
Dividends 
Declared. 


.(Etna 


$4,432,857 


$4,514,417 


$1,351,081 


34.50 


$720,000 


Agricultural, .... 


958,629 


993,347 


369,775 


42.14 


50,000 


Albany, 


• 106,831 


108,593 


34,879 


45.00 


20,000 


American, 


1,152,654 


760,354 


309,364 


30.66 


60,000 


American Central, 


906,652 


971,057 


380,437 


45.93 


60,000 


American Fire (New York), 


831,261 


776,520 


290,380 


36.57 


- 


American Fire (Philadelphia), . 


1,320,297 


1,406,441 


499,651 


41.68 


40,000 


American Lloyds, 


201,260 


192,032 


59,659 


32.32 


- 


Armenia, 


234,093 


251,979 


83,062 


39.76 


10,000 


Assurance Co. of America, 


180,544 


226,331 


62,758 


39.77 


24,000 


Atlantic Mutual, .... 


3,624,211 


4,421,103 


460,614 


- 


- 


British American, 


209,474 


214,099 


57,992 


30.99 


- 


Buffalo Commercial, . 


128,772 


103,738 


46,146 


39.41 


- 


Buffalo German, .... 


437,676 


374,873 


147,167 


42.00 


60,000 


Caledonian- American, 


103,732 


110,135 


28,662 


30.98 


10,000 


Capital Fire, .... 


227,016 


242,170 


79,328 


38.08 


8,000 


Citizens' (New York), 


607,278 


657,192 


239,180 


41.41 


24,000 


Citizens' (St. Louis), . 


106,570 


223,048 


53,197 


63.97 


150,000 


Colonial Assurance, . 


285,219 


365,517 


82,353 


30.20 


10,000 


Commerce 


124,086 


128,717 


51,684 


48.30 


16,000 


Commercial Union, 


133,097 


110,889 


36,105 


28.91 


10,000 


Commonwealth, .... 


208,041 


208,481 


66,857 


39.15 


30,000 


Concordia 


550,699 


533,705 


238,742 


46.40 


20,000 


Connecticut Fire, 


2,010,877 


1,867,573 


705,606 


37.98 


100,000 


Continental, .... 


4,281,189 


4,017,450 


1,493,055 


38.52 


250,000 


Delaware 


754,079 


796,195 


315,619 


45.81 


42,172 


Detroit Fire and Marine, . 


277,232 


278,505 


87,071 


41.96 


50,000 


Eastern 


426,469 


575,660 


161,768 


39.86 


10,000 


Empire City, .... 


140,767 


120,049 


55,507 


42.63 


12,000 


Equitable Fire and Marine, 


359,094 


353,077 


134,920 


40.98 


24,500 


Erie Fire, 


298,017 


439,010 


117,130 


44.43 


10,000 


Farmers' Fire 


414,343 


398,082 


156,361 


40.26 


- 



INSURANCE COMMISSIONER. 



xlvii 



Table X. — Insurance Companies of Other States — Continued. 



NAME OF COMPANY. 


Gross Cash 
Income. 


Gross Cash 
Expendi- 
tures. 


Expenses. 


Ratio of 

Expenses to 

Premiums 

Received. 


Cash 
Dividends 
Declared. 


Fidelity Fire, .... 


$304,366 


$294,857 


$187,539 


63.39 


- 


Fire Association, 


2,771,738 


3,054,570 


1,039,757 


41.43 


$200,000 


Fire Ins. Co., County of Phila., 


173,517 


171,156 


64,599 


48.79 


24,000 


Fireman's Fund 


1,976,985 


2,040,853 


708,844 


39.18 


120,000 


Firemen's (Baltimore), 


441,936 


407,702 


135,792 


40.20 


72,240 


Firemen's (Newark), . 


506,714 


477,557 


158,518 


40.90 


100,000 


Franklin Fire, .... 


614,299 


638,462 


249,512 


51.38 


80,000 


German (Freeport), . 


1,579,232 


1,485,682 


621,215 


43.53 


60,000 


German Alliance, 


257,559 


261,854 


68,532 


30.70 


- 


German American, 


3,023,256 


3,188,688 


1,086,787 


40.44 


300,000 


German (Pittsburg), . 


244,100 


250,445 


97,999 


44.46 


20,000 


Germania Fire, .... 


1,360,946 


1,315,597 


462,966 


38.42 


150,000 


Girard Fire and Marine, 


461,463 


508,127 


203,933 


54.83 


75,000 


Glens Falls 


988,915 


867,650 


345,350 


42.65 


60,000 


Granite State 


362,017 


340,130 


110,594 


32.41 


12,000 


Greenwich, 


1,178,806 


1,355,012 


536,634 


48.08 


20,000 


Hanover Fire, .... 


1,650,890 


1,770,192 


575,472 


38.65 


100,000 


Hartford Fire 


-6,709,979 


6,916,878 


2,427,307 


38.59 


400.000 


Home, 


4,986,808 


4,734,491 


1,754,890 


39.54 


300,000 


Home Mutual 


461,435 


463,014 


174,077 


42.04 


36,000 


Indemnity Fire 


94,809 


77,453 


40,101 


46.53 


- 


Insurance Co. of North America, 


5,896,614 


6,552,837 


1,784,094 


32.99 


360,000 


Insurance Co., State of Penn., . 


310,752 


347,651 


138,359 


50.40 


12,000 


International, .... 


97,750 


97,559 


40,993 


47.21 


- 


Kings County Fire, . 


66,090 


64,950 


26,802 


61.94 


10,000 


Lafayette Fire, .... 


179,517 


180,596 


56,446 


33.60 


16,000 


Liverpool and London and Globe, 


67,999 


41,742 


16,334 


27.45 


- 


Lumbermen's, .... 


172,836 


183,010 


55,029 


46.40 


25,000 


Magdeburg Fire, .... 


103,210 


145,698 


39,656 


41.65 


- 


Mechanics', 


243,521 


287,712 


99,726 


49.13 


20,000 


Mechanics' and Traders', . 


209,766 


222,170 


78,780 


41.49 


- 


Merchants' (Newark), 


1,004,656 


1,117,224 


415.398 


44.80 


40,000 


Merchants' (Providence), . 


234,465 


285,786 


89,416 


42.20 


12,000 



xlviii 



REPORT OF THE 



Table X. — Insurance Companies of Other States — Continued. 



NAME OF COMPANY. 


Gross Cash 
Income. 


Gross Cash 
Expendi- 
tures. 


Expenses. 


Ratio of 

Expenses to 

Premiums 

Received. 


Cash 
Dividends 
Declared. 


Michigan Fire and Marine, 


$267,214 


$268,838 


$99,383 


43.49 


$32,000 


Middlesex Mutual, 


113,292 


112,347 


45,376 


62.14 


- 


Millers' and Manufacturers', 


179,476 


194,314 


62,284 


36.59 


- 


Millers' National, 


327,156 


316,031 


75,685 


25.53 


- 


Milwaukee Fire 


172,976 


215,928 


72,470 


5.0.40 


- 


Milwaukee Mechanics', 


1,045,240 


1,105,272 


435,969 


47.19 


80,000 


National 


2,369,287 


2,368,547 


892,049 


40.94 


120,000 


National Standard, . . 


225,398 


249,210 


66,024 


36.72 


24,000 


Newark Fire, .... 


151,647 


172,342 


63,959 


52.68 


25,000 


New Hampshire Fire, 


1,359,428 


1,285,530 


452,248 


37.78 


100,000 


New York Fire, .... 


224,247 


287,412 


77,269 


37.80 


12,000 


Niagara Fire, 


1,628,797 


1,668,304 


618,893 


40.19 


50,000 


North British and Mercantile, . 


21,857 


57,237 


10,200 


339.90 


- 


North German Fire, . 


26,204 


14,560 


10,882 


53.52 


- 


North River, .... 


299,765 


322,543 


116,398 


42.79 


28,000 




253,704 


411,670 


139,448 


57.75 


6,000 


Northwestern National, 


1,118,952 


1,012,200 


432,566 


45.35 


78,000 


Norwalk Fire, .... 


165,805 


162,759 


61,551 


41.87 


- 




1,402,705 


1,520,124 


500,467 


38.47 


50,000 




427,572 


482,510 


186,231 


46.53 


20,000 


Pelican Assurance, 


53,885 


28,205 


18,784 


38.47 


- 


Pennsylvania Fire, 


1,877,388 


1,942,141 


616,612 


37.39 


100,000 




3,309,077 


3,260,308 


1,300,797 


41.53 


100,000 




2,898,139 


3,144,500 


1,068,171 


39.91 


280,000 


Providence Mutual, 


84,265 


65,195 


23,037 


33.96 


_ 


Providence Washington, . 


1,452,616 


1,581,914 


457,090 


33.23 


50,000 




1,942,494 


1,977,715 


644,344 


35.69 


100,000 


Reading Fire, . . . . 


431,558 


427,973 


150,999 


38.05 


15,000 




331,557 


377,572 


137,223 


47.28 


18,000 


Rochester German, 


416,157 


364,289 


161,198 


43.70 


20,000 




566,526 


694,398 


203,105 


38.46 


16,000 


Spring Garden 


425,804 


694,599 


275,886 


76.03 


32,000 


St. Paul Fire and Marine, . 


1,910,776 


2,013,915 


633,118 


34.90 


50,000 



INSURANCE COMMISSIONER. 



xlix 



Table X. — Insurance Companies of Other States — Concluded. 



NAME OF COMPANY. 


Gross Cash 
Income. 


Gross Cash 
Expendi- 
tures. 


Expenses. 


Ratio of 

Expenses to 

Premiums 

Received. 


Cash 
Dividends 
Declared. 


Teutonia 

Thuringia American, . 

Traders' (Chicago), . 
Traders' (New York), 

Union, 

United Fire, . 
United Firemen's, 

United States Fire, . 
United States Lloyds, 
Victoria Fire, 
Westchester Fire, 
Western, . . . 

Williamsburgh City, . 




$420,923 
197,794 

965,328 
387,589 
280,465 
148,889 
324,328 

292,850 

595,620 

94,427 

1,410,181 

207,643 

742,477 
$98,319,440 


$432,447 
151,398 

908,925 
524,479 
328,653 
142,267 
344,189 

350,699 

569,431 

96,894 

1,391,066 

220,557 

700,979 


$147,762 
88,831 

337,205 
175,157 
120,661 
85,985 
123,283 

147,376 
103,112 

28,129 
560,962 

66,993 

322,540 


37.01 
60.55 

38.39 
46.78 
46.48 
62.31 
47.03 

55.41 
26.79 
32.63 
43.12 

37.66 

50.36 


$25,000 

50,000 
12,000 

30,000 

20,000 
50,000 
10,000 
48,000 
18,000 

60,000 


Totals, . 


$101,720,030 


$34,565,273 


39.08 


$6,173,912 



REPORT OF THE 



Table XI. — United States Branches, Foreign Companies. 

[All companies in this list have a deposit capital of $200,000, except those doing a marine 
business, which have a deposit capital of $300,000, and are marked by an asterisk (*). Under 
section 31, chapter 522, Acts of 1894, all general deposits in excess of what is sufficient to enable 
the company to comply with the law as regards capital are counted as surplus funds.] 



NAME OF COM- 
PANY. 


Location. 


Amount at 

Risk 

Dec. 31,1899. 


Gross 

Assets. 


Gross 
Liabilities. 


Surplus as 
regards Pol- 
icy Holders 
Dec. 31, 1899. 


Aachen and Munich, 


Aix-la-Chapelle 


, $46,443,689 


$839,500 


$379,812 


$459,688 


Atlas Assurance, . 


London, . 


92,742,116t 


870,425 


601,249 


269,176 


Baloise Fire, . 


Basle, 


36,632,381 


849,184 


325,788 


523,390 


Bavarian Mortgage and 

Exchange. 
British America, . 


Munich, . 
Toronto, . 


67,474,6471 
124,178,062 


922,001 
903,484 


550,883 
635,547 


371,118 
267,937 


British & For. Marine,* 


Liverpool, 


19,367,293 


1,355,563 


824,408 


531,155 


Caledonian, . 


Edinburgh, 


180,454,871 


1,677,592 


1,057,603 


619,989 


Cologne Reinsurance, . 


Cologne, . 


14,735,844 


461,008 


93,653 


367,355 


Commercial Union, 


London, . . 


403,079,473f 


3,470,788 


2,295,500 


1,175,288 


Hamburg-Bremen, . 


Hamburg, 


136,083,185 


1,290,354 


967,770 


322,584 


Helvetia Swiss, 


St. Gall, . 


47,611,499 


913,807 


388,162 


525,645 


Imperial, 


London, . 


163,829,363 


1,581,840 


1,026,007 


555,833 


Lancashire, . 


Manchester, . 


261,778,358t 


2,006,924 


1,556,730 


450,194 


Law, Union and Crown, 


London, . 


31,831,832 


604,039 


209,861 


394,178 


Lion, .... 


London, . 


75,687,718 


659,970 


451,585 


208,385 


Liv. & London & Globe, 


Liverpool, 


844,161,429t 


8,287,243 


4,567,663 


3,719,580 


Lon. Assurance (Fire), 


London, . 


164,855,471 


1,416,988 


763,722 


653,266 


Lon Assur. (Marine),* 


London, . 


4,686,716 


596,865 


151,318 


445,547 


London and Lancashire, 


Liverpool, 


405,868,561 


2,381,825 


1,655,289 


726,536 


Magdeburg Fire, . . 


Magdeburg, . 


70,184,353 


733,609 


510,488 


223,121 


Manchester Assurance, 


Manchester, . 


192,373,827 


1,503,952 


1,162,880 


341,072 


Mannheim,* . 


Mannheim, 


8,043,125 


391,290 


85,496 


305,794 


Marine,* .... 


London, . 


8,422,141 


463,641 


127,743 


335,898 


Munich Reinsurance, . 


Munich, . 


47,627,394 


677,782 


332,454 


345,328 


National, 


Dublin, . 


21,124,789 


457,530 


206,027 


251,503 


Netherlands, . 


The Hague, . 


38,820,527 


673,948 


368,438 


305,400 


No British & Mercantile, 


London, . 


382,960,032 f 


3,659,274 


2,138,513 


1,520,761 


North German, 


Hamburg, 


57,876,023 


708,395 


478,055 


230,340 


Northern Assurance, . 


London, . 


188,391,119 


2,307,615 


1,035,496 


1,272,119 


Norwich Union, 


Norwich, 


240,627,669 


2,154,127 


1,299,343 


854,784 



t Including perpetual fire risks. 



INSURANCE COMMISSIONER. 



li 



Table XI. — United States Branohes, Foreign Companies 


— Con. 


NAME OF COM- 
PANY. 


Location. 


Amount at 

Risk 

Dec. 31, 1899. 


Gross 
Assets. 


Gross 
Liabilities. 


Surplus as 
regards Pol- 
icy Holders 
Dec. 31, 1899. 


Palatine, .... 


Manchester, . 


$312,855,077 


$2,314,671 


$1,975,847 


$338,824 


Phoenix Assurance, 


London, . 


291,791,237 


2,625,855 


1,970,483 


655,372 


Prussian National, 


Stettin, . 


54,454,253 


738,953 


423,705 


315,248 


Reliance Marine,* . 


Liverpool, 


1,288,907 


375,275 


71,249 


304,026 


Royal 


Liverpool, 


801,233,134f 


6,710,996 


4,534,740 


2,176,256 


Royal Exchange, . 


London, . 


82,248,223 


1,042,543 


551,197 


491,346 


Scottish Union & Nat'l, 


Edinburgh, 


405,718,254 


3,450,945 


1,854,656 


1,596,289 


State, .... 


Liverpool, 


7,869,972 


313,013 


64,326 


248,687 


Sun, .... 


London, . 


305,631,705 


2,307,846 


1,457,197 


850,649 


Svea, .... 


Gothenburg, . 


39,648,553 


664,759 


365,945 


298,814 


Thames and Mersey,* . 


Liverpool, 


3,043,870 


519,407 


139,722 


379,685 


Thuringia, . . 


Erfurt, . 


58,806,387 


649,830 


457,698 


192,132 


Transatlantic, 


Hamburg, 


60,893,193 


767,188 


470,412 


296,776 


Union Marine,* 


Liverpool, . 


4,605,447 


503,941 


78,092 


425,849 


Union Assurance, . 


London, . 


122,709,637 


1,197,058 


739,015 


458,043 


Western Assurance, 


Toronto, . 


208,160,538 


1,488,235 


1,057,895 


430,340 


Totals, . 


$7,138,911,894 


$70,491,078 


$42,459,712 


$28,031,366 



t Including perpetual fire risks. 



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INSURANCE COMMISSIONER. 



lv 



Table XIII. — Massachusetts Business for 1899. 
Massachusetts Mutual Fire Companies. 



NAME OP COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Contingent 
Assets. 


Losses 
Paid. 


Losses 
Incurred. 


Abington 

Annisquam, 

Arkwright, 

Atlas, 

Attleborough, .... 


$1,833,782 
74,525 

46,932,994 
821,406 
525,665 


$26,140 

348,335 
7,065 
3,233 


$26,140 

4,858 

1,741,675 

21,195 

6,467 


$15,755 

100 

26,118 

49 

1,195 


$14,878 

100 

43,641 

1,233 


Barnstable County, . 

Berkshire, 

Boston Manufacturers', 
Bristol County, .... 
Cambridge, 


2,271,126 

2,477,926 

55,207,386 

400,400 

6,007,465 


39,705 

35,512 

410,447 

2,624 

93,873 


119,114 

35,512 

2,052,237 

26,239 

93,873 


11,989 
12,711 

53,943 

2,268 

41,207 


11,573 
10,003 
34,003 
2,268 
46,394 


Citizens', 

Cohasset, 

Cotton and Woolen, . 

Dedham 

Dorchester, 


6,575,587 
98,100 
5,439,624 
2.186,493 
7,940,590 


89,532 

1,573 

44,677 

33,399 

121,532 


89,532 

3,145 

223,385 

33,399 
121,532 


41,072 

680 

1,224 

15,420 

65,678 


42,572 

981 

1,224 

15,420 

61,972 


Fall River Manufacturers', 

Fitchburg 

G-roveland 

Hampshire 

Hingham, 


17,063,454 

4,987,621 

342,644 

917,564 

5,267,685 


130,779 
70,830 

13,332 

78,734 


653,898 
70,830 
24,162 
13,332 
78,734 


14,565 
37,846 
4,066 
10,497 
24,473 


14,565 

43,052 

4,066 

9,788 

24,972 


Holyoke, 

Industrial 

Lowell, 

Lumber, 

Lynn 


8,001,794 

3,437,033 

3,017,898 

960,055 

486,533 


117,324 

27,767 

47,234 

18,002 

6,805 


117,324 
137,834 

47,234 
54,015 
13,609 


46,561 
1,224 

18,086 
3,464 
1,059 


46,432 
1,224 

17,676 
3,464 
1,085 


Merchants' and Farmers', . 

Merrimack 

Middlesex, 

Mutual Fire Assurance, 
Mutual Protection, 


4,454,977 
7,277,085 
11,584,098 
1,095,650 
1,523,886 


67,621 

110,327 

170,132 

17,071 

23,785 


67,621 

110,327 

170,132 

17,071 

23,785 


23,687 
59,770 
83,942 
1,516 
12,908 


24,278 
59,047 
84,864 
1,516 
12,977 


Newburyport, .... 

Norfolk 

Paper Mill, 

Quincy, 

Rubber Manufacturers', 


202,155 
5,696,339 
4,108,625 
7,316,832 
4,873,971 


3,038 

82,799 

30,254 

108,414 

42,317 


12,242 

82,799 

151,271 

108,414 

211,583 


1,717 
30,742 

655 
46,438 

392 


1,717 

30,742 
655 

46,438 
392 


Salem, 

Salisbury and Amesbury, . 

Saugus, 

South Danvers, .... 
Traders' and Mechanics', . 


2,010,817 

34,150 

976,025 

263,175 

8,574,224 


81,481 
337 

5,653 
129,188 


31,481 

3,367 

121,802 

16,960 
129,188 


14,914 

25 

2,791 

758 

62,797 


15,026 

25 

2,791 

758 

62,797 


Western Massachusetts, 
West Newbury, .... 
Whiting, . . . . . 
Worcester Manufacturers', 
Worcester Mutual, . . 


500 

403,743 

572,684 

19,775,496 

10,688,252 


3 

5,718 
148,496 
149,638 


9 

26,241 

11,437 

742,479 

149,638 


2,070 

5 

14,832 

41,770 


2,063 

5 

14,885 

40,071 


Totals, 


$274,708,034 


$2,894,726 


$7,997,122 


$852,979 


$853,633 



lvi 



REPORT OF THE 



Table XIII. — Massachusetts Business for 1899 — Continued. 

Massachusetts Mutual Fire-Marine Companies. 

Fire Business. 



NAME of company. 


Risks Premiums 
Written. Received. 


Losses Losses 
Paid. Incurred. 




$2,228,982 


$23,339 


$16,667 1 $13,637 



Marine Business. 



China, 
India, 

Totals, 



$19,763,426 



$19,763,426 



$229,932 



$229,932 



$271,651 
17 



$205,707 
10 



$271,668 $205,717 



Massachusetts Stock Companies. 
Fire Business. 



American, . 

Boston, 

Mercantile Fire and Marine, 
North American, . 
Springfield Fire and Marine, 



Totals, 



$5,524,533 

7,221,962 

9,865,523 

13,414,220 

15,987,512 



$46,546 
84,317 
77,095 

100,431 

146,478 



$52,013,750 j $454,867 



$23,915 
35,638 
22,861 
58,365 
68,515 



$209,294 



$26,308 
42,024 
28,227 
62,848 
72,724 



$232,131 



Marine Business. 



Boston $90,755,897 $409,376 $469,244 $382,383 

Mercantile Fire and Marine, . . . 513,274 2,620 

— — 1 

Totals $91,269,171 j $411,996 $469,244 -J, 353 



Companies of Other States. 
Fire Business. 



^Etna, 

Agricultural, 

Albany 

American (Newark), 
American Central, 

American Fire (New York), 
American Fire (Philadelphia), . 
American Lloyds, . 

Armenia, 

Assurance Company of America, 



$30,098,216 
8,897,400 
1,138,637 
3,996,685 
1,353,847 

5,978,623 
5,813,015 
2,563,111 
2,898,600 
1,211,632 



$263,000 
80,002 
10,756 
36,961 
15,971 

60,771 
59,995 
16,327 
35,001 
8,710 



$158,997 
54,106 
12,260 
12,814 
12,149 

21,034 
38,573 

1,671 
20,240 

2,250 



$151,893 
53,048 
12,932 
11,954 
14,453 

23,932 

46,007 

1,695 

20,403 



INSURANCE COMMISSIONER. 



lvn 



Table XIII. — Massachusetts Business for 1899 — Continued. 

Companies of Other States — Continued. 

Fire Business — Continued. 



name of company. 



Bisks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Losses 
Incurred. 



British American, 

Buffalo Commercial 

Buffalo German, 

Caledonian American 

Capital Fire, 

Citizens' (New York), 

Citizens' (St. Louis), 

Colonial Assurance, 

Commerce, 

Commercial Union, 

Commonwealth, 

Concordia, 

Connecticut Fire, 

Continental, 

Delaware 

Detroit Fire and Marine, . . . . 

Eastern 

Empire City, 

Equitable Fire and Marine 

Erie Fire, 

Farmers' Fire, 

Fidelity Fire, 

Fire Association of Philadelphia, 

Fire Insurance Company, County of Phila., 

Fireman's Fund 

Firemen's (Baltimore), . 

Firemen's (Newark), 

Franklin Fire, 

German (Freeport), 

German Alliance 

German American, 

German (Pittsburg), 

Germania Fire 

Girard Fire and Marine, . 

Glens Falls 

Granite State, 

Greenwich 

Hanover Fire, 

Hartford Fire, 

Home 

Home Mutual 

Indemnity Fire 

Insurance Company of North America, 
Insurance Company, State of Pennsylvania, 
International 

Kings County, 

Lafayette Fire 

Liverpool and London and Globe, 

Lumbermen's 

Magdeburg (New York), . 

Mechanics' 

Mechanics' and Traders' 

Merchants' (Newark) 

Merchants' (Providence), . 
Michigan Fire and Marine, . 



$3,509,548 

995,918 

2,545,128 

1,038,050 

4,173,131 

2,178,124 
272,228 

1,988,355 
779,258 

2,687,693 

4,056,883 
1,882,693 
9,433,100 
14,917,776 
4,972,770 

866,126 
5,403,856 
2,636,431 
4,963,711 
2,492,337 

3,068,005 
1,858,868 

18,607,970 
982,075 

10,255,041 

2,280,360 
3,602,186 
2,866,122 
3,199,175 
2,668,954 

15,492,836 
1,442,881 
6,278,531 
1,804,388 
4,332,634 

5,957,424 

7,551,619 

9,387,186 

26,361,708 

27,732,311 

1,874,300 

1,179,644 

19,463,294 

3,513,164 

234,434 

264,265 

2,847,437 

5,000 

1,350,815 

1,445,098 

1,088,500 
2,808,717 
9,602,415 
4,200,927 
501,177 



$33,895 

8,310 

19,718 

11,087 

46,875 

18,680 
2,702 

20,898 
8,431 

16,489 

24,304 

17,849 

101,928 

159,309 

53,482 

6,286 
44,658 
18,744 
43,936 
19,520 

40,868 
19,441 
192,971 
10,399 
93,740 

28,267 
32,093 
25,817 
21,564 
23,953 

134,289 
21,207 
60,634 
14,693 
39,279 

64,772 

55,344 

95,920 

266,781 

231,047 

17,486 

11,601 

188,439 

35,578 

1,983 

2,159 

21,751 

71 

10,325 

13,603 

12,191 
11,284 
63,138 
36,813 
5,511 



$15,609 

2,097 

4,527 

7,426 

26,290 

8,592 
533 
9,484 
7,025 
9,839 

7,109 

6,767 

67,602 

83,438 

35,868 

2,624 
19,986 

1,118 
16,302 

8,634 

28,207 
16,548 
95,606 
3,031 
40,813 

18,840 
13,641 
16,872 
9,673 
11,142 

61,899 
14,062 
25,749 
7,665 
20,880 

33,694 

20,835 

80,032 

131,771 

152,565 

9,216 

8,274 

135,005 

27,935 

82 



12,136 

4,543 
14,718 

9,695 

5,084 

44,324 

19,984 

2,339 



$16,546 

1,803 

3,904 

8,302 

27,094 

7,632 
533 
8,542 
8,624 
9,204 

6,477 

9,306 

67,460 

87,333 

35,910 

3,280 
22,693 

3,701 
19,048 

9,291 

25,173 

17,501 

105,488 

3,017 

42,357 

18,538 
14,975 
14,305 
10,681 
8,313 

62,280 
14,200 
26,192 
9,875 
19,722 

35,994 

22,673 

72,605 

139,400 

162,063 

9,532 

8,255 

146,882 

28,606 

82 



12,781 

6,054 
14,431 

9,439 

5,368 

43,433 

20,940 

2,839 



Iviii 



REPORT OF THE 



Table XIII. — Massachusetts Business for 1899 — Continued. 

Companies of Other States — Continued. 

Fire Business — Concluded . 



name of company. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Losses 

Incurred. 



Middlesex Mutual, . 
Millers' and Manufacturers', 
Millers' National, . 
Milwaukee Fire, 
Milwaukee Mechanics', . 



National (Hartford), 
National Standard, 
Newark Fire, . 
New Hampshire Fire, 
New York Fire, 



Niagara Fire 

North British and Mercantile, 
North German Fire, 
North River, .... 
Northern (New York), . 



Northwestern National, 
Norwalk Fire, 
Orient, . 
Pacific Fire, . 
Pelican, . 



Pennsylvania Fire, 
Phenix (New York), 
Phceuix (Hartford), 
ProvHence Mutual, 
Providence Washington, 

Queen, .... 
Reading Fire, . 
Reliance, .... 
Rochester German, 
Security 



Spring Garden, 

St. Paul Fire and Marine, 

Teutonia, 

Thuringia American, 

Traders' (Chicago), 



Traders' (New York), 
Cnion, 

United Fire, . 
United Firemen's, . 
United States Fire, 



Victoria Fire, . 
Westchester, . 
Western, . 
Williamsburgh City, 



$213,271 

202,888 

338,650 

357,566 

1,293,263 

17,679,785 

1,600,755 

665,088 

23,729,070 
2,241,827 

11,442,933 

465,686 

314,940 

1,751,980 

1,897,654 

3,332,265 
1,977,844 
7,100,677 
2,127,728 
684,475 

8,279,017 

20,773,011 

12,612,812 

448,252 

12,817,126 

11,288,822 
3,181,932 
2,967,027 
3,225,821 
6,065,898 

9,507,964 
4,551,139 
2,012,195 
966,242 
4,475,354 

1,783,965 
3,571,393 
465,703 
2,532,244 
2,261,245 

458,465 
6,302,765 
1,169,762 
4,033,854 



$2,2*2 
3,906 
2,862 
2,948 
9,071 

143,030 

10,430 

6,996 

232,820 
13,637 

132,115 

648 

3,198 

17,619 

13,294 

27,494 
20,625 
61,877 
20,254 
4,586 

100,236 
162,589 
122,220 
6,413 
108,450 

106,522 
37,115 
22,122 
38,108 
51,916 

70,072 
43,011 
18,997 
8,129 
48,810 

19,264 
30,480 
4,914 
27,980 
18,988 

3,440 
72,481 

8,986 
36,381 



Totals $547,022,696 j $5,066,903 $2,814,855 



$11,428 

5,961 

108 

3,199 

3,181 

54,207 

5,584 

2,760 

174,431 

3,069 

68,239 

7,256 

5,514 
9,964 

12,538 
15,185 
51,984 
11,466 
84 

78,920 
61,835 
65.921 
443 
51,455 

46,623 
21,161 
14,400 
19,776 
40,993 

41,700 

20,810 

8,695 

4,461 

19,060 

6,731 
22,113 
3,497 
8,493 
7,012 

1,810 
31,435 

4,974 
14,555 



$14,948 

5,446 

108 

3,199 

3,385 

58,379 

6,640 

3,510 

177,645 

4,299 

71,138 
7,271 

5,846 
10,906 

14,131 
15,142 
57,377 
10,756 
84 

83,080 
67,461 
62,311 
443 
68,146 

49,847 
25,272 
15,507 
20,390 
44,693 

49,212 

20,903 

8,695 

4,461 

17,968 

6,832 
20,132 

3,677 
11,162 

6,466 

1,792 
32,998 

6,277 
17,007 



$2,935,218 



INSURANCE COMMISSIONER. 



lix 



Table XIII. — Massachusetts Business for 1899 — Continued. 

Companies of Other States — Concluded. 

Marine Business. 



name of company. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Losses 
Incurred. 



JStna, 

Atlantic Mutual, 

Fireman's Fund 

Home, 

Insurance Company of North America, 

Orient, 

Providence Washington, 

St. Paul Fire and Marine, . 

United States Lloyds, .... 

Totals, 



$1,431,497 

28,796,608 

2,841,893 

315,450 

40,341,958 



8,800,442 
1,153,874 
6,476,012 



$90,157,734 



$40,374 

189,840 

7,081 

8,174 

169,752 

203 
42,269 
26,447 
10,527 



$494,667 



$31,323 

115,217 

385 

25,874 

199,118 

46 
40,233 
28,744 
21,191 



$462,131 



$21,494 

115,217 

176 

20,701 

150,000 



36,445 
25,354 
19,942 



$389,329 



United States Branches, Foreign Companies. 
Fire Business. 



Aachen and Munich, 

Atlas Assurance, . 

Baloise Fire, .... 

Bavarian Mortgage and Exchange 

British America, . 



Caledonian, 
Cologne- Reinsurance, 
Commercial Union, 
Hamburg-Bremen, . 
Helvetia Swiss, 



Imperial, 

Lancashire, .... 
Law, Union and Crown, 
Lion, . . . 

Liverpool and London and Globe, 



London Assurance, 
London and Lancashire, 
Magdeburg, . 
Manchester Assurance, 
Munich Reinsurance, . 



National, 

Netherlands, . 

North British and Mercantile, 

North German, 

Northern Assurance, 



Norwich Union, 
Palatine, . 
Phoenix Assurance, 
Prussian National, 
Royal, 



Royal Exchange, . 
Scottish Union and National 
State, .... 

Sun, 

Svea, .... 



$4,779,987 
5,645,196 
2,325,525 
5,959,979 
3,837,032 

6,742,535 
4,514,874 
15,169,335 
4,792,820 
3,195,534 

12,903,748 

10,097,864 

1,242,688 

8,744,404 

30,414,754 

6,416,524 
11,970,308 
7,543,852 
8,636,260 
5,972,012 

2,704,600 
2,140,648 
12,484,684 
1,546,272 
7,296,018 

11,916,438 
14,619,990 
12,202,855 
2,588,393 
30,937,733 

6,579,339 

14,921,279 

716,515 

11,706,509 

3,165,387 



$57,266 
54,322 
27,862 
45,291 
43,486 

75,325 
39,723 
150,123 
49,002 
27,765 

119,852 
91,842 
10,487 
39,036 

294,286 

64,651 
112,376 
72,366 
82,376 
51,429 

33,454 
22,519 
133,617 
14,064 
58,618 

113,953 
132,692 
114,833 
24,910 
333,710 

53,769 

141,416 

5,782 

128,217 

35,540 



$30,642 

23,679 

26,924 

5,985 

20,321 

49,240 
20,559 
90,938 
23,896 
18,250 

68,892 

71,163 

1,122 

20,904 

136,928 

38,210 
59,004 
53,429 
51,867 
11,978 

2,565 
22,755 
68,474 

1,046 
35,030 

60,462 
71,442 
63,530 
10,039 
188,517 

22,963 
75,922 
1,042 
77,552 
18,382 



$32,377 

30,727 

32,563 

6,828 

18,408 

50,522 
20,985 
89,493 
25,361 
20,569 

61,805 

70,841 

1,180 

19,601 

135,913 

40,271 
58,984 
53,556 
51,133 
15,720 

3,002 
26,343 
72,901 

1,046 
41,290 

59,770 
70,555 
68,469 
10,^31 
201,210 

23,094 
81,951 
1,042 
80,111 
20,015 



lx 



REPORT OF THE 



Table XIII. — Massachusetts Business for 1899 — Concluded. 

United States Branches, Foreign Companies — Concluded. 

Fire Business — Concluded. 



name of company. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Losses 
Incurred. 



Thuringia, 

Transatlantic, 

Union Assurance Society, 

Western Assurance, 

Totals, 



$3,838,322 

830,234 

4,599,972 

10,826,411 



$311,526,730 



$41,901 

5,823 

37,334 

76,725 



$20,497 

588 

4,569 

50,901 



$3,017,743 I $1,620,207 



$20,085 

588 

12,226 

49,760 



$1,681,226 



Marine Business. 



British and Foreign Marine, 


$127,399,991 


$490,606 


$343,964 


$389,242 


London Assurance 


3,489,308 


19,109 


5,223 


1,045 


Mannheim,* 


8,715,230 


33,463 


17,580 


20,655 


Marine 


177,550,183 


41,558 


20,303 


17,169 


Reliance Marine, 


372,056 


1,324 


1,649 


1,401 


Thames and Mersey, 


2,002,878 


5,829 


1,084 


1,084 


Union Marine, 


609,382 


10,174 


13,140 


8,753 




$320,139,028 


$602,063 


$402,943 


$439,349 



Recapitulation. 
Fire Business. 



Massachusetts mutual fire companies, 
Massachusetts mutual fire-marine com- 
panies 

Massachusetts joint-stock companies, . 
Companies of other States, . 
United States branches, . 



$274,708,034 f $2,894,726 



2,228,982 , 
52,013,750 ! 
547,022,696 , 
311,526,730 



23,339 

454,867 

5,066,903 

3,017,743 



Totals, $1,187,500,192 $11,457,578 



$852,979 

16,667 

209,294 

2,814,855 

1,620,207 



$5,514,002 



$853,633 

13,637 

232,131 

2,935,218 

1,681,226 



$5,715,845 



Marine Business. 



Massachusetts mutual marine companies, . 
Massachusetts joint-stock companies, 

Companies of other States 

United States branches, .... 


$19,763,426 
91,269,171 
90,157,734 

320,139,028 


$229,932 
411,996 
494,667 
602,063 


$271,668 
469,244 
462,131 
402,943 


$205,717 
382,383 
3S9.329 
439,349 


Totals 


$521,329,359 


$1,738,658 $1,605,986 


$1,416,778 



INSURANCE COMMISSIONER. 



lxi 



Table XIV. — Statement of the Receipts and Expenditures of the 
Insurance Department for the Year ending Dec. 5i, 1899. 

[Made pursuant to chapter 522, section 17, Acts of 1894.] 

Receipts. 



Compensation for valuation of life insurance policies, . 
License fees, filing statements, certificates, etc., . 



$22,680 47 
53,358 50 



$76,038 97 



Expenditures. 



Commissioner. 
Frederick L. Cutting, . 



Deputy Commissioner. 
Frank H. Hardison, . 



Actuary. 
Emma W. Cushman, . 



Examiner. 



William H. Brown, 



Clerks. 
Arthur E. Linnell, first, 
William O. Richardson, second, 
Minnie F. Whipple, third, . 



Extra Clerks 



A. M. Hawes, 
C. E. Weis, . 
M. E. Burrill, 

E. L. Johnson, 
S. E. Flint, . 

F. M. Page, . 

F. M. Robbins, 

G. C. Studley, 
G. M. Hall, . 
V. I. Bryant, 
I. L. Baker, . 
F. E. Gowell, 
M. L. McMann, 
L. H. Young, 
C. L. Sawyer, 
L. E. Brickett, 
M. H. Dyer, 

J. S. Davis, . 



Amounts carried forward, 



$2,000 00 
1,500 00 
1,200 00 



H.151 61 

1,000 00 

1,000 00 

1,000 00 

1,000 00 

1,000 00 

1,000 00 

900 00 

900 00 

900 00 

900 00 

840 00 

840 00 

840 00 

840 00 

840 00 

840 00 

840 00 



$16,631 61 



$3,500 00 
2,500 00 
2,000 00 
2,000 00 



4,700 00 



$14,700 00 



lxii 



REPORT OF THE INSURANCE COMMISSIONER. 



Table XIV. — Statement of Receipts, etc. — Concluded. 



Amounts brought forward, . 



E. G. Stevens, 
G. H. Manks, 
B. Hadley, . 
M. V. Kelley, 
L. G. Hodgkins, 
G. L. Moore, 
K. J. Connorton, 
A. A. Estes, 



Contingent Expenses 
Printing and binding, 

Postage, 

Travelling and examination expenses, 
Stationery and supplies, 
Clerical and expert services, 
Stenographic work, etc., 
Express, telegraph and telephone, 
Books and newspapers, 
Incidentals, 



Total expenditures for 1899, 
Fees collected and paid into State Treasury, 

Surplus accrued to the Commonwealth, 



$16,631 61 

840 00 
770 00 
755 00 
755 00 
720 00 
455 00 
248 34 
150 00 



$1,462 73 
713 67 
326 58 
214 65 
315 00 
193 95 
153 14 
43 10 




114,700 00 



21,324 95 



3,494 68 



$39,519 63 
76,038 97 



$36,519 34 



MASSACHUSETTS MUTUAL 

FIRE INSURANCE COMPANIES. 



Detailed Statement of Assets and Liabilities, with Abstract 

op Annual Statements for the Year ending 

December 31, 1899. 



ABINGTON MUTUAL FIRE INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



ABINGTON MUTUAL FIRE INSURANCE COMPANY, 

ABINGTOX. 

[Incorporated May 30, 1856. Commenced business June 15, 1857.] 
I8AAC C. HOWLAND, President. ALFRED H. NA8H, Secretary. 



Amount of permanent fund, 



Detailed Statement of Stocks, 



South Abington (Mass.) bonds, 
Omaha (Neb.) city bonds, 
Toledo (Ohio) city bonds, 
St. Paul (Minn.) bonds, .... 
Portland & Ogdensburg Railroad bonds, . 
Naumkeag Street Railway bonds, . 
East Middlesex Street Railway bonds, 
Trenton Passenger Railway bonds, . 
Rockland & Abington Street Railway bonds, 
Concord & Montreal R.R. debentures, 
Fitchburg R.R. bonds, .... 
Maine Central R.R. bonds, 
Boston United Gas Co. bonds, . 
20 shares Union Pacific R.R., . 



10 
10 
14 

5 

20 
13 

5 

14 
21 



State National Bank, Boston, . 
Nat'l Hide and Leather Bank, Boston, 
Metropolitan National Bank, Boston, 
Old^Boston National Bank, Boston, 
South End National Bank, Boston, 
Abington National Bank, Abington, 
Whitman National Bank, Whitman, 
First National Bank, Salem, 
First National Bank, Danvers, . 



Bonds, etc. 

Par Value. 

$2,000 00 
1,000 00 
1,000 00 
1,000 00 
5,000 00 
2,000 00 
1,000 00 
2,000 00 
1,000 00 
3,000 00 
1,000 00 
1,000 00 
2,000 00 
2,000 00 
1,000 00 
1,000 00 
1,400 00 
500 00 
2,000 00 
1,300 00 
500 00 
1,400 00 
1,575 00 



$41,728 54 



Market Value. 

$2,160 00 
1,040 00 
1,010 00 
1,100 00 
5,500 00 
2,060 00 
1,015 00 
2,300 00 
1,080 00 
3,112 50 
1,067 50 
1,045 00 
1,600 00 

972 50 
1,200 00 
1,162 50 
1,473 50 

598 75 
1,600 00 
1,365 00 

500 00 
1,190 00 
1,575 00 



Securities held as collateral for cash loans : — 
W 7 hitman Co-operative Bank book, . 



$35,675 00 $35,727 25 



Market Value. Loaned Thereon. 

$375 00 $200 00 



ABINGTON MUTUAL FIRE INSURANCE CO. 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest accrued thereon, .... 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 

All other cash loans, 

Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



. 31, 1899. 




$5,850 00 




15,451 00 




199 31 




35,727 25 




200 00 




300 00 




279 47 




14,769 21 




322 46 




1,431 42 




36 00 






$74,566 12 



Liabilities. 

Losses adjusted, unpaid, ...... 

Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, .... 

Gross liabilities, 



Net cash assets, 



$837 00 




41,989 46 




770 99 




147 25 




283 07 






44,027 77 






$30,538 35 



Income. 
Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



$1,146 98 
26,247 07 

$27,394 05 
1,431 42 

$25,962 63 
1,287 32 



sources, . 



$24,675 31 

219 90 

920 43 

2,455 33 

554 70 

$28,825 67 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$9,350 00 
24,450 00 
22,800 00 



ANNISQUAM MUTUAL FIRE INSURANCE CO. 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for repairs on real estate, 

for incidentals, 



Gross cash expenditures, . 



$14,872 85 


9,876 


95 


3,891 


67 


2,177 


22 


292 


70 


425 


00 


267 


80 


785 


10 


$32,589 


29 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1898, $6,360,374 00 $94,27144 $94,27144 

Risks written during 1899, . 1,840,582 00 26,247 07 26,247 07 



Total, $8,200,956 00 $120,518 51 $120,518 51 

Risks terminated during 1899, . 2,259,363 00 33,413 01 33,413 01 



In force at end of year, 
Deduct amount reinsured, 



),941,593 00 $87,105 50 $87,105 50 
80,658 00 1,096 92 1,096 92 



Net amount in force, . . $5,860,935 00 $86,008 58 $86,008 58 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 20 and 40 per cent. 



$14,908 00 



ANNISQUAM MUTUAL FIRE INSURANCE COMPANY, 

GLOUCESTER. 

[Incorporated March 1, 1847. Commenced business Dec. 28, 1847.] 

ELIAS DAVIS, President. JAMES 8. JEWETT, Secretary. 

[Note. — This company charges a cash premium adequate for expenses only, and relies upon 
assessments on deposit notes to pay losses.] 



Amount of permanent fund Dec. 31, 1898, 
Increase during the year, .... 



Permanent fund Dec. 31, 1899, 



$584 10 
68 09 

$652 19 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

United States bonds, $500 00 $570 00 



ANNISQUAM MUTUAL FIRE INSURANCE CO. 



Summary of Assets Dec. 31, 1899. 

Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Cash in the office of the company, 

Cash deposited in bank, 

Assessments due, 

Revenue stamps, 

Office safe, $85 00 

Gross assets, 



$4,538 94 


143 89 


570 00 


164 04 


2,943 69 


2 46 


1 19 



$8,364 21 



Liabilities. 

Return assessments on cancelled policies, 



$52 98 



Income. 

Cash received from assessments, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 



Gross cash income, 



$233 09 

171 50 

38 60 

$443 19 



Expenditures. 

Cash paid for losses, 

for assessments returned, 

for salaries of officers and employees, 

for rents, 

for incidentals, .... 

Gross cash expenditures, .... 



$100 


33 


260 87 


355 24 


2 


90 


19 


03 



$738 37 



Risks and Premiums. 



Risks outstanding Dec. 31, 1898, 
Risks written during 1899, 

Total, 

Risks terminated during 1899, . 

In force at end of year, . 



Amount. Conting't Prem's. 

$336,705 00 $21,786 35 
74,525 00 4,858 00 



$411,230 00 $26,644 35 
77,925 00 5,205 50 



$333,305 00 $21,438 85 



Miscellaneous. 
Losses incurred during the year, 



$100 00 



* Value of lands mortgaged, $3,900 00 

Value of buildings thereon, 6,900 00 

Amount of insurance held as collateral, .... 8,063 00 



ARKWRIGHT MUTUAL FIRE INSURANCE CO. 



ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Feb. 8, 1860. Commenced business Oct. 1, I860.] 
R. W. TOPPAN, President. D. W. BARTLETT, Secretary. 

Office, 31 Milk Street. 
Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

United States bonds, $25,000 00 $28,250 00 

Cambridge city bonds, 15,000 00 16,050 00 

Boston city bonds 20,000 00 21,700 00 

Providence city bonds 20,000 00 20,000 00 

Waltham city bonds 10,000 00 10,600 00 

Lowell city bonds, 20,000 00 22,400 00 

Springfield city bonds, 20,000 00 20,000 00 

Worcester city bonds, 25,000 00 25,250 00 

Fitchburg Railroad bonds 60,000 00 66,300 00 

Eastern Railroad bonds, 35,000 00 40,250 00 

Old Colony Railroad bonds, .... 40,000 00 45,200 00 

Boston & Lowell Railroad bonds, . . . 90,0C0 00 99,600 00 

Chicago, Burlington & Quincy R.R. bonds, . 50,000 00 50,000 00 

Boston & Maine Railroad bonds, . . . 50,000 00 57,000 00 

Philadelphia, Wilm. & Baltimore R.R. bonds, . 20,000 00 22,100 00 

New York, Providence & Boston R.R. bonds, . 10,000 00 10,100 00 

Boston & Providence Railroad bonds, . . 20,000 00 21,800 00 

Lake Shore & Michigan Southern R.R. bonds, 30,000 00 32,700 00 

Pennsylvania Company bonds 30,000 00 33,300 00 

Chicago June. R.R. & Union St'k Y'ds bonds, 25,000 00 28,250 00 

Boston Terminal Company bonds, . . . 40,000 00 45,600 00 

Boston & Albany Railroad bonds, . . . 30,000 00 32,550 00 



Summary of Assets Dec 
Stocks, bonds, etc., as per schedule, 

Cash loans, 

Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross) , 
Gross assets, 

Liabilities. 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, . 

Net cash assets, 



$685,000 00 $749,000 00 

31, 1899. 

$749,000 00 

1,334 08 

326 67 

125,157 67 

10,881 25 

13,758 13 

£900,457 80 



$12,075 28 

406,977 69 

1,586 81 



420,639 78 
$479,818 02 



ATLAS MUTUAL INSURANCE CO. 



Income 

Premiums outstanding Dec. 81, 1898, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Interest and dividends received from all sources, 



$5,641 56 
867,183 48 

$872,825 04 
13,758 13 

$859,066 91 
40,489 46 



$818,577 45 
32,848 78 



Gross cash income, $851,426 23 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for inspections, .... 
for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1898, $100,382,374 00 $767,450 96 
Risks written during 1899, . 113,611,998 00 867,183 48 



Total, $213,994,372 00 $1,634,634 44 

Risks terminated during 1899, . 107,882,784 00 820,679 05 



$74,777 02 

697,047 30 

24,400 00 

8,017 32 

1,687 50 

12,882 43 

6,106 25 

$824,917 82 



Conting't Prem's 

$3,837,254 80 
4,335,917 40 

$8,173,172 20 
4,103,395 25 



In force at end of year, 



.$106,111,588 00 $813,955 39 $4,069,776 95 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, S9^% per cent. 



$69,317 00 



ATLAS MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated February, 1892. Commenced business June 15, 1892.] 
JOHN A. PRAT, President. ARTHUR F. JONES, Secretary. 

Office, 2 Mason Building. 



Amount of permanent fund, 



$25,000 00 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value 

United States bonds, $25,000 00 $27,500 00 



8 



ATLAS MUTUAL INSURANCE CO. 



Summary of Assets Dec. 31, 1899. 



Due from managers, 

Stocks, bonds, etc., as per schedule, 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Premiums more than three mos. due, $393 45 
Gross assets, 



$24,864 91 

27,500 00 

12,667 89 

375 00 

2,549 65 



$67,957 45 



Liabilities. 

Losses claimed and reported, . 
Losses disputed or resisted, 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Commissions and brokerage, . 

Gross liabilities, .... 



Net cash assets, 



$11,440 47 




500 00 




15,151 03 




300 00 




588 60 






27,980 10 






$39,977 35 



Income. 

Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Interest and dividends received from all sources, . 



$13,568 20 
31,461 80 

$45,030 00 
2,943 10 

$42,086 90 
12,750 52 



Gross cash income, 



$29,336 38 
1,079 10 

$30,415 48 



Expenditures. 

Cash paid for losses, 

Deduct salvage and reinsurance, 

Net cash paid for losses, 

Cash paid as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 
for incidentals, .... 

Gross cash expenditures, .... 



$34,130 87 




413 86 






$33,717 01 






940 48 




5,867 27 




7,399 76 




686 65 




639 95 




$49,251 12 



ATTLEBOROUGH MUTUAL FIRE INSURANCE CO. 



9 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31,1898, $4,626,239 00 
Risks written during 1899, . 2,950,284 00 



Cash Prem's. Conting't Prem's. 

$62,057 11 $186,171 33 
31,461 80 94,385 40 



Total, $7,576,523 00 

Risks terminated during 1899, . 5,056,548 00 



$93,518 91 $280,556 73 
62,375 66 187,126 98 



In force at end of year, 



. $2,519,975 00 $31,143 25 $93,429 75 



Miscellaneous. 
Losses incurred during the year, . 



$27,734 00 



ATTLEBOROUGH MUTUAL FIRE INSURANCE COMPANY, 

ATTLEBOROUGH. 

[Incorporated Feb. 24, 1844. Commenced business July, 1844.] 
EVERETT S. CAPRON, President. HARRY E. CARPENTER, Secretary. 

Amount of permanent fund Dec. 31, 1899, 

Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
All other cash loans, 
Cash in the office of the company, 
Cash deposited in bank, . 
Premiums in course of collection (gross) , 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 
Unearned premiums on outstanding risks, 
Gross liabilities, .... 

Net cash assets, . $29,114 36 



• 1 • • 


$16,901 35 


J. 31, 1899. 




$2,300 00 




23,850 00 




162 47 




3,000 00 




379 33 




6,915 93 




191 48 






$36,799 21 




$38 20 




7,646 65 






7,684 85 


' 



Income. 

Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 


$152 83 
3,233 50 


Total, 

Premiums now in course of collection, . 


$3,386 33 
191 48 


Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 


$3,194 85 
145 07 




Amount of insurance held as collateral, . 


$42,700 



10 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO. 



Received for extra premiums, 

Interest received on mortgages, .... 

Interest and dividends received from all other sources, . 
Income from rents, $240 ; policy fees, $121, . 



Gross cash income, 



Expenditures. 

Cash paid for losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for repairs on real estate, 

for incidentals, .... 



Gross cash expenditures, .... 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1898, $2,293,370 00 
Risks written during 1899, . 525,665 00 



Total $2,819,035 00 

Risks terminated during 1899, . 456,704 00 



Cash Prem's. 

$14,148 62 
3,233 50 

$17,382 12 
2,697 58 



$43 17 


1,157 


68 


118 


75 


361 


00 



$4,730 38 



$1,194 74 


733 


23 


254 00 


132 


98 


36 


00 


173 


31 


129 


22 



$2,653 48 



Conting't Prem's. 

$28,297 24 
6,467 00 

$34,764 24 
5,395 16 



In force at end of year, 



$2,362,331 00 $14,684 54 $29,369 08 



Miscellaneous. 
Losses incurred during the year, 



$1,233 00 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE COMPANY, 

YARMOUTHPORT. 

[Incorporated March 2, 1833. Commenced business Aug. 1, 1833.] 
ALPHONSO L. WEEKS, President. JOHN H. CLARK, Secretary. 

Amount of permanent fund, $57,365 80 



Detailed Statement of Stocks, 

13 shares Winthrop National Bank, Boston, 

20 " 

13 ' 

10 ■ 

6 ' 

5 ■ 

15 ' 

15 ■ 

10 ' 

10 ' 



State National Bank, Boston, 
Tremont National Bank, Boston, 
Massachusetts Nat'l Bank, Boston, 
Shawmut National Bank, Boston, 
Nat'l Bank of the Republic, Boston, 
Nat'l Bank of Redemption, Boston, 
First National Bank, Yarmouth, 
First National Bank, Hyannis, 
Falmouth National Bank, 



Bonds, etc. 

Par Value. 

$1,300 00 
2,000 00 
1,300 00 
1,000 00 
600 00 
500 00 
1,500 00 
1,500 00 
1,000 00 
1,000 00 



Market Value. 

$2,162 00 

2,320 00 

936 00 

650 00 

984 00 

875 00 

1,860 00 

1,770 00 

1,000 00 

1,000 00 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO. 



11 



50~shares Massachusetts Real Estate Co., 

63 " Old Colony Railroad, 

67«| " Union Pacific Railroad, . 

10 " Central Pacific Railroad, . 

10 " N. Y., New Haven & Hartford R.R. 

10 " West End Street Railway, 

Bell Telephone Company bonds, 

Erie Telephone & Telegraph Company bonds 

St. Louis Terminal Company bonds, 

Fall River city bond, .... 

Boston & Maine Railroad bonds, 

Fitchburg Railroad bonds, 

Iowa Falls & Sioux City Railroad bonds, 

Chicago & E. Illinois Railroad bonds, 

Oregon Short Line Railroad bonds, . 

Illinois Steel Company bonds, . 

United States consols, .... 

Farm mortgage bonds, .... 



Par Value. 

f3,000 00 
6,300 00 
5,100 00 
650 00 
1,000 00 
1,000 00 
4,000 00 
4,000 00 
3,000 00 
1,000 00 

12,000 00 
4,000 00 
2,000 00 
2,500 00 
500 00 
1,000 00 
1,500 00 
600 00 



Summary of Assets Dec. 31, 1899. 

Cash value of unencumbered real estate, . $2,000 00 

Loans on mortgage of real estate (first liens*) , 1,250 00 

Stocks, bonds, etc., as per schedule, . . . 73,983 00 

Cash loans, 9,203 00 

Cash in the ofiice of the company, . . . 152 97 

Cash deposited in bank, 4,631 92 

Interest due and accrued, ..... 2,666 05 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, $1,400 00 

Losses claimed and reported, . . . . 700 00 

Unearned premiums on outstanding risks, . 63,800 79 

Profits or surplus on terminated policies, unpaid, 1,957 34 

State and local taxes, 73 05 

Gross liabilities, 



Net cash assets, 



Income. 
Cash premiums received, 

Received for extra premiums, 

Interest received on mortgages, .... 

Interest and dividends received from all other sources, 

Gross cash income, 



Market Value. 

$300 00 

12,726 00 

3,442 50 

380 00 
2,135 00 

927 50 
4,080 00 
4,285 00 
3,450 00 
1,095 00 
13,860 00 
4,280 00 
2,740 00 
3,055 00 

555 00 

990 00 
1,725 00 

400 00 



$64,850 00 $73,983 00 



$93,886 94 



67,931 18 
$25,955 76 

$39,704 63 

1,338 68 

54 00 

3,273 57 

$44,370 88 



* Value of lauds mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$500 00 
2,800 00 
2,700 00 



12 



BERKSHIRE MUTUAL FIRE INSURANCE CO. 



Expenditures. 

Cash paid- for losses $11,989 20 

as profits on terminated policies, .... 26,646 80 

for salaries of officers and employees, . . . 5,940 43 

for State and local taxes, 385 64 

for incidentals, 815 46 

Gross cash expenditures, $45,777 5$ 

Risks and Premiums. 

Amount. Cash Prem's. Continpt Prem's. 

Risks outstanding Dec. 31, 1898, $7,455,259 00 $128,818 28 $386,454 84 

Risks written during 1899, . 2,271,126 00 39,704 63 119,113 89 

Total, $9,726,385 00 $168,522 91 $505,568 73 

Risks terminated during 1899, . 2,233,559 00 38,412 69 115,238 07 

In force at end of year, . . $7,492,826 00 $130,110 22 $390,330 66 

Miscellaneous. 

Losses incurred during the year, $11,573 00 



BERKSHIRE MUTUAL FIRE INSURANCE COMPANY, 

PITTSFIELD. 

[Incorporated March, 1835. Commenced business August, 1835.] 
FRANK W. HINSDALE, President. JOHN M. STEVENSON, Secretary. 



Amount of permanent fund, 



$57,271 91 



Detailed Statement of Stocks, 



Western Union Telegraph Co. bonds, 

Chicago & Western Indiana Railroad bonds, 

Baltimore & Ohio Railroad bonds, . 

St. Paul & Sioux City Railroad bonds, 

Pittsfield Electric Street Railway Co. bonds, 

Adams Express Co. bonds, 

Chicago, Burlington & Quincy Railroad bonds 

Pittsfield Cemetery bonds, 

Baltimore <% Ohio Railroad stock, . 

100 shares Boston & Albany Railroad, 

25 

50 

19 
100 

55 

10 

12 



N. Y. Cent. & Hudson River R.R., 
Chicago, Burlington & Quincy R.R. 
New Hampshire Trust Co., 
Adams Express Co., 
Pittsfield National Bank, Pittsfield, 
Agricultural Nat'l Bank, Pittsfield, 
Third National Bank, Pittsfield, 



Bonds, etc. 

Par Value. 

$ 1,000 00 
5,000 00 
2,000 00 
1,000 00 
2,500 00 

10,000 00 

1,000 00 

2,000 00 

200 00 

10,000 00 
2,500 00 
5,300 00 
1,900 00 

10,000 00 
5,500 00 
1,000 00 
1,200 00 



Market Value. 

$1,150 00 
6,000 00 
1,940 00 
1,300 00 
2,500 00 

10,400 00 

1,000 00 

2,000 00 

152 00 

24,500 00 

3,500 00 

6,466 00 

950 00 

11,400 00 
8,250 00 
2,700 00 
2,520 00 



BERKSHIRE MUTUAL FIRE INSURANCE CO. 



13 



15 shares First National Bank, Adams, . 

16 " Adams Nat'l Bank, North Adams, 
10 " Lenox National Bank, Lenox, . 

4 " Lee National Bank, . 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



Par Value. 


Market Value. 


$1,500 00 


$1,875 00 


1,600 00 


2,080 00 


1,000 00 


1,400 00 


400 00 


700 00 


$66,600 00 


$92,783 00 


). 31, 1899. 




$12,000 00 




92,783 00 




1,134 88 




1,131 94 




190 00 




2,967 66 




200 00 






$110,407 48 



Liabilities. 

Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Profits or surplus on terminated policies, unpaid 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 

Gross liabilities, 



Net cash assets, 



$64,674 13 

43 24 

1,321 82 

200 00 

62 38 

379 98 



66,681 55 
$43,725 93 



Income. 

Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash premiums received, .... 
Received for extra premiums, .... 
Interest and dividends received from all sources, 
Income from rents, 



$2,718 84 
35,511 83 



,230 67 
2,967 66 



$35,263 01 
2,506 76 



Gross cash income, 



$32,756 25 

309 11 

3,936 92 

952 55 

$37,954 83 



Cash paid for losses, 
Deduct reinsurance, . 
Net cash paid for losses, 



Expenditures. 



$12,869 96 
158 66 



$12,711 30 



14 BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO. 



Cash paid as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 
for rents, .... 
for repairs on real estate, 
for incidentals, 



Gross cash expenditures, 



815,714 71 

4,141 69 

3,156 00 

415 61 

450 00 

193 67 

1,230 62 

$38,013 60 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31,1898, $9,239,518 00 $130,36120 $130,36120 

Risks written during 1899, . 2,477,926 00 35,51183 35,51183 



Total, 811,717,444 00 

Risks terminated during 1899, . 2,346,525 00 



$165,873 03 $165,873 03 
33,204 52 33,204 52 



In force at end of year, 
Deduct amount reinsured, 



. $9,370,919 00 
280,843 00 



$132,668 51 $132,668 51 
3,892 82 3,892 82 



Net amount in force, . . $9,090,076 00 $128,775 69 $128,775 69 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 25, 40 and 60 per cent. 



110,003 00 



BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE 
COMPANY, BOSTON. 

[Incorporated March 15, 1850. Commenced business Oct. 15, 1850.] 
EDWARD ATKINSON, President. FRANCIS E. ROBINSON, Secretary. 

Office, 31 Milk Street, 
Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Massachusetts State bonds, .... $250,000 00 $270,650 00 

Old Colony R.R. bonds, 120,000 00 134,150 00 

Boston & Albany R.R. bonds, .... 50,000 00 57,000 00 

Brookline town notes, 26,000 00 26,000 00 

Boston & Maine R.R. bonds, .... 50,000 00 63,750 00 

Pennsylvania R.R. Co. bonds, .... 30,000 00 33,750 00 

N. Y. Central R.R. bonds, .... 50,000 00 55,000 00 

Boston & Lowell R.R. bonds, .... 75,000 00 77,875 00 

Phila., Wil. & Baltimore R.R. bonds, . . 40,000 00 43,600 00 

New York Central R.R. bonds, . . . 50,000 00 63,500 00 

Eastern R.R. bonds, 25,000 00 28,500 00 

United New Jersey Railway & Canal Co. bonds, 50,000 00 57,750 00 



$816,000 00 $911,525 00 



BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO. 15 



Summary of Assets Dec. 31, 1899. 



Stocks, bonds, etc., as per schedule, 
Cash loans, .... 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . . 
Gross assets, 



)11,525 00 

1,562 02 

12,335 70 

48,578 98 

10,240 84 



#984,242 54 



Liabilities. 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, 



$465,499 78 
1,613 98 



467,113 76 



Net cash assets, $517,128 78 



Income. 

Premiums on risks written or renewed, . , 
Less reinsurance and return premiums, . 
Net cash premiums received, .... 
Interest and dividends received from all sources, 

Gross cash income, 



$993,027 58 
49,124 76 



$943,902 82 
33,791 18 

$977,694 00 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, . 

for inspections, 

for incidentals, . 

Gross cash expenditures, . 



$92,060 20 

796,879 20 

36,834 16 

9,277 35 

1,976 36 

14,972 98 

9,939 20 

$961,939 45 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1898, $116,672,787 00 $888,634 33 $4,443,171 65 
Risks written during 1899, . 132,174,57100 993,027 58 4,965,137 90 



Total $248,847,358 00 $1,881,661 91 $9,408,309 55 

Risks terminated during 1899, . 125,538,883 00 950,662 35 4,753,311 75 



In force at end of year, 



. $123,308,475 00 $930,999 56 $4,654,997 80 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1899, 88^ per cent. 



$72,121 00 



16 



BRISTOL COUNTY MUTUAL FIRE INSURANCE CO. 



BRISTOL COUNTY MUTUAL FIRE INSURANCE COMPANY, 

NEW BEDFORD. 

[Incorporated Feb. 13, 1829. Commenced business July 4, 1829.] 

JAMES TAYLOR, President. GEO. N. ALDEN, Secretary. 

[Note. — Policies are all issued for five years, ten per cent, of the premium note being 
received in casb at the time of issuing the policy. The notes are assessed as necessity requires. 
No cash funds are accumulated.] 



Summary of Assets Dec. 31, 1899. 
Cash in the office of the company, ... $5 97 

Cash deposited in bank, 2,399 80 

Premiums in course of collection (gross), . 346 94 

Premiums more than three mos. due, $60 90 

Gross assets, 



£2,752 71 



Liabilities. 



State and local taxes, 
Commissions and brokerage, 
Gross liabilities, 



$7 30 
42 87 



foO 17 



Income. 
Premiums outstanding Dec. 31, 1898, . . $ 156 45 

Premiums on risks written or renewed, . . 2,649 90 

Total, • . $2,806 35 

Premiums now in course of collection, . . 407 84 

Entire premiums collected, .... £2,398 51 

Less reinsurance and return premiums, . . 110 39 

Net cash premiums received, . 

Received for extra premiums, . 

Interest and dividends received from all sources, 

Income from fees, .... 



Gross cash income, 



$2,288 


12 


15 


75 


95 


74 


9 


00 



$2,408 61 



Expenditures. 

Cash paid for losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



Gross cash expenditures, 



$2,268 35 


114 88 


1,100 00 


21 73 


269 74 



£3,774 70 



CAMBRIDGE MUTUAL FIRE INSURANCE CO. 



17 



Risks outstanding Dec. 31, 1898, 
Risks written during 1899, 



Risks and Premiums. 

Amount. Conting't Prem's. 

. $2,288,955 00 $153,880 00 

403,600 00 26,499 00 



Total, 

Risks terminated during 1899, . 



In force at end of year, 



$2,692,555 00 $180,379 00 
530,650 00 34,739 00 



. $2,161,905 00 $145,640 00 



Miscellaneous. 
Losses incurred during the year, 



$2,268 00 



CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY, 

CAMBRIDGE. 

[Incorporated March 13, 1833. Commenced business Jan. 1, 1834.] 
DANA W. HYDE,. President. ALFRED L. BARBOUR, Secretary. 

Amount of permanent fund, $130,688 77 



Detailed Statement of Stocks, 



Cambridge city bonds, 
Portland city bonds, . 
West End Street Railway bonds, 
Cambridge Horse R'y bonds, . 
Maine Central R.R. bonds, 
North Packing Co. bonds, 
Eastern R.R. bonds, . 
Boston & Lowell R.R. bonds, . 
Fitchburg R.R. bonds, 
15 shares National City Bank, Cambridge, 
1 share Framingham National Bank, 



Bonds, etc. 

Par Value. 

$5,000 00 

10,000 00 

10,000 00 

4,000 00 

5,000 00 

5,000 00 

1,500 00 

9,000 00 

10,000 00 

1,500 00 

100 00 



Market Value. 

$5,510 00 

12,000 00 

10,300 00 

4,180 00 

5,370 00 

' 5,000 00 

1,700 00 

9,800 00 

10,890 00 

2,250 00 

140 00 



$61,100 00 $67,140 00 



Summary of Assets Dec. 31, 1899. 

Cash value of unencumbered real estate, . $71,300 00 

Loans on mortgage of real estate (first liens*), 103,183 00 

Interest due or accrued thereon, . . . 1,785 29 

Stocks, bonds, etc., as per schedule, . . . 67,140 00 

All other cash loans, 4,000 00 

Cash in the office of the company, . . . 1,861 91 

Cash deposited in bank, 1,574 82 

* Total value of property mortgaged $198,500 00 

Amount of insurance held as collateral, .... 123,600 00 



18 



CAMBRIDGE MUTUAL FIRE INSURANCE CO. 



Interest due and accrued, $898 40 

Premiums in course of collection (gross), . 15,260 46 

Rents due and accrued, ..... 795 67 
Preni's more than three mos. due, $7,453 53 

Gross assets, 



$267,799 55 



Liabilities. 

Losses adjusted, unpaid, $5,186 53 

Unearned premiums on outstanding risks, . 178,605 48 

Profits or surplus on terminated policies, unpaid, 2,788 60 

Due for borrowed money, .... 7,000 00 

Commissions and brokerage, .... 2,289 00 

Gross liabilities, ...... 

Net cash assets, ... ..'... 



195,869 61 



$71,929 94 



Income. 
Premiums outstanding Dec. 31, 1898, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 



Entire premiums collected, . . $103,353 70 

Less reinsurance and return premiums, . . 5,763 89 

Net cash premiums received, .... $97,589 81 

Received for extra premiums, 474 99 

Interest received on mortgages, 4,280 69 

Interest and dividends received from all other sources, . . 2,954 78 

Income from rents, 6,928 61 



$21,106 38 
1,430 40 

$19,675 98 
106,391 71 

$126,067 69 
22,713 99 



Gross cash income, 



$112,228 88 



Expenditures. 
Cash paid for losses, .... 

as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for expense on real estate, 

for incidentals, 



$44,832 20 

43,118 80 

15,973 75 

9,700 00 

2.690 30 
1,000 00 
3,614 84 

6.691 57 



Gross cash expenditures, . 



$127,621 46 



citizens' MUTUAL INSURANCE CO. 



19 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1898, $21,633,656 00 $347 ,483 81 $347,483 81 

Risks written during 1899, . 6,723,082 00 106,391 71 106,391 71 

Total, $28,356,738 00 $453,875 52 $453,875 52 

Risks terminated during 1899, . 6,085,608 00 100,322 62 100,322 62 



In force at end of year, 



.$22,271,130 00 $353,552 90 $353,552 90 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 20, 40 and 60 per cent. 



$46,381 00 



CITIZENS' MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 7, 1846. Commenced business Oct. 6, 1846.] 
HENRY C. BIOELOW, President. T. WALLACE TRAVIS, Secretary. 

Office, 8 Exchange Place. 



Amount of permanent fund, 



$174,441 91 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

$3,000 00 $3,450 00 

1,500 00 1,800 00 

500 00 500 00 

4,000 00 4,000 00 

1,800 00 1,800 00 



30 shares Hide and Leather National Bank, 
15 " Natick National Bank, 
5 " Farmington National Bank (N.H.),. 
Butchers' S. and M. Association bonds, . 
Denver Land and Security Co. bonds, 



Summary of Assets Dec 

Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, . 

Cash loans, 

Cash in the office of the company, . 
Cash deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (gross) 
Rents due and accrued, 

Gross assets, .... 



$10,800 00 


$11,550 00 


31, 1899. 




$24,700 00 




278,440 00 




3,574 81 




11,550 00 




1,700 00 




2,722 53 




11,268 17 




134 46 




4,254 28 




350 00 


«3S8 fiCM 9* 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$149,650 00 
392,500 00 
830,700 00 



20 



CITIZENS MUTUAL INSURANCE CO. 



Liabilities. 

Losses claimed and reported, .... $1,500 00 

Unearned premiums on outstanding risks, . 212,474 10 

Return premiums on cancelled policies, . . 67 50 

Profits or surplus on terminated policies, unpaid, 2,017 31 

Commissions and brokerage, .... 641 47 
Gross liabilities, .... 



Net cash assets, 



Income 



Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, 



Total, 

Premiums now iu course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash premiums received, . 
Received for extra premiums, . 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 



Gross cash income, 



other 



12,923 20 
89,532 10 

f92,455 30 
4,254 28 

$88,201 02 
4,046 16 



sources, 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for rents, .... 

for expense on real estate, 

for incidentals, . 

Gross cash expenditures, . 



|216,700 38 
$121,993 87 



$84,154 86 

662 46 

13,918 38 

969 87 

2,042 40 

$101,747 97 



$41,071 87 
48,197 76 
12,409 79 
8,525 50 
1,881 86 
2,100 00 
1,212 26 
3,237 67 

$118,636 71 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1898, $30,206,483 00 $416,218 63 $416,218 63 

Risks written during 1899, . 6,575,587 00 89,532 10 89,532 10 



Total, .... 
Risks terminated during 1899, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



$36,782,070 00 $505,750 73 $505,750 73 
6,447,831 00 89,025 82 89,025 82 



$30,334,239 00 $416,724 91 $416,724 91 
30,175 00 350 19 350 19 



$30,304,064 00 $416,374 72 $416,374 72 



COHASSET MUTUAL FIRE INSURANCE CO. 



21 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 50 and 70 per cent, to 
August 1 ; balance of year, 20, 40 and 60 per cent. 



$42,572 00 



COHASSET MUTUAL FIRE INSURANCE COMPANY, COHASSET. 

[Incorporated March 18, 1845. Commenced business March 16, 1846.] 
CALEB F. NICHOLS, President. PHILANDER BATES, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

3 shares Merchants' National Bank, . . $300 00 $300 00 



Summary of Assets Dec. 31, 1899. 



Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Office furniture, . . . . $60 00 
Gross assets, 



$300 00 

13 23 

1,065 37 

117 57 



$1,496 17 



Liabilities. 

Losses adjusted, unpaid, .... 
Unearned premiums on outstanding risks, 
Gross liabilities, 

Balance against company, . . , 



$481 00 
2,538 44 



3,019 44 



$1,523 27 



Income. 

Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest and dividends received from all sources, 



$70 11 
1,572 62 



$1,642 73 
117 57 


$1,525 16 
78 80 



$1,446 36 

7 82 
47 84 



Gross cash income, 



$1,502 02 



22 COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO. 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for incidentals, 



Gross cash expenditures, 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1898, $361,075 00 
Risks written during 1899, . 98,100 00 



Total, $459,175 00 

Risks terminated during 1899, . 102,450 00 



$680 00 


683 08 


318 65 


14 12 


50 00 


3 85 



Cash Prem's. 

$5,595 66 
1,572 62 

$7,168 28 
1,639 66 



$1,749 70 



Conting't Prem's. 

$16,680 02 
3,145 24 

$19,825 26 
4,601 77 



In force at end of year, . 



$356,725 00 $5,528 62 $15,223 49 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 15, 30 and 50 per cent. 



$981 00 



COTTON AND WOOLEN MANUFACTURERS 1 MUTUAL INSURANCE 

COMPANY, BOSTON. 

[Incorporated Oct. 18, 1875. Commenced business Oct. 20, 1875.] 
M. V. B. JEFFERSON, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 
Detailed Statement of Stocks, Bonds, etc. 

Par Valae. Market Value. 

Fitchburg R.R. bonds, $24,000 00 $26,880 00 

Chicago, Burlington & Quincy R.R. bonds, . 10,000 00 10,700 00 

Metropolitan Street R.R. bonds, . . . 5,000 00 5,175 00 

Maine Central R.R. bonds, .... 36,000 00 39,210 00 

Portland & Ogdensburg R.R. bonds, . . 10,000 00 10,950 00 

Lynn & Boston Street R.R. bonds, . . . 12,000 00 12,840 00 

Middlesex Street R.R. bonds, .... 1,000 00 1,040 00 

Highland Street R.R. bonds, .... 1,000 00 1,025 00 

South Boston Street R.R. bonds, . . . 5,000 00 5,250 00 

West End Street R.R. bonds 32,000 00 34,010 00 

Connecticut River R.R. bonds, .... 5,000 00 5,000 00 

Bangor & Aroostook R.R. bonds, . . . 15,000 00 16,875 00 

N. Y., N. H. & Hartford R.R. bonds, . . 6,000 00 6,960 00 

Watertown town bonds 4,000 00 4,180 0O 



COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO. 23 



Taunton city bonds, 

Chicago (111.) city bonds, 
Boston & Lowell R.R. bonds, . 
N. Y. Central & Hudson River R.R. bonds, 
Chicago Terminal Transfer R.R. bonds, . 
New England Tel. & Tel. Co. bonds, 
American Bell Telephone Co. bonds, 
American Cotton Yarn Co. bonds, . 
American Writing Paper Co. bonds, 



Par Value. 

$10,000 00 

3,000 00 

10,000 00 

15,000 00 

20,000 00 

10,000 00 

15,000 00 

9,000 00 

5,000 00 



Market Value. 

$11,000 00 

3,240 00 

10,350 00 

14,400 00 

18,800 00 

11, G00 00 

15,000 00 

9,270 00 

4,250 00 



$263,000 00 $278,005 00 



Summary of Assets Dec. 31, 1899. 



Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross) , 
Gross assets, 



$278,005 00 

3,208 60 

46,439 66 

3,461 20 

6,377 44 



$337,491 90 



Liabilities. 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, 



$161,685 18 
771 43 



162,456 61 



Net cash assets, $175,035 29 



Income. 
Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



$3,239 75 
352,529 62 



Total, $355,769 37 

Premiums now in course of collection, . . 6,377 44 

Entire premiums collected, .... 

Interest and dividends received from all sources, . 



$349,391 9a 
11,605 37 



Gross cash income, $360,997 30 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 
for rents and joint office expenses, . 

for inspection, 

for incidentals, .... 



Gross cash expenditures, 



$28,224 94 
245,671 90 
8,476 42 
3,818 07 
9,143 35 
11,239 29 
1,932 58 

$308,506 55 



24 



DEDHAM MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1898, $34,785,529 00 $297,460 93 $1,487,304 65 
Risks written during 1899, . 41,455,056 00 352,529 62 1,762,648 10 



Total, $76,240,585 00 $649,990 55 $3,249,952 75 

Risks terminated during 1899, . 38,395,206 00 326,620 19 1,633,100 95 



In force at end of year, . . $37,845,379 00 $323,370 36 $1,616,851 80 

Miscellaneous. 

Losses incurred during the year, $27,824 00 

Profits or surplus returned during 1899, 75 per cent. 



DEDHAM MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

[Incorporated Feb. 22, 1837. Commenced business July 1, 1837.] 
J. WHITE BELCHER, President. JAMES Y. NOTES, Secretary. 

Amount of permanent fund, $89,765 77 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Dedham National Bank stock, .... $1,200 00 $1,200 00 

Dedham Water Co. stock 2,500 00 2,500 00 

Atch., Topeka & Santa Fe R.R. stock, . . 12,800 00 5,580 00 

Union Pacific R'y stock, 5,000 00 3,525 00 

Lombard Liquidation Co. stock, ... 130 00 130 00 

Boston city bonds, 2,000 00 2,240 00 

Cincinnati city bonds, 6,000 00 6,300 00 

Salem city bonds, 3,000 00 3,150 00 

Lynn city bonds, 3,000 00 3,356 25 

Fitchburg R.R. bonds, 3,000 00 3,187 50 

Boston & Lowell R.R. bonds 10,000 00 11,200 00 

Kan. City, St. Jos. & Council Bluffs R.R. bonds, 2,000 00 2,360 00 

Atch., Topeka & Santa Fe R.R. bonds, . . 12,000 00 10,840 00 

Lombard Investment Co. bonds, . . . 1,580 00 400 00 

New England Mortgage Security Co. bonds, . 8,000 00 7,200 00 

Newport & Richford R.R. bonds, . . . 8,000 00 8,556 25 

Philadelphia & Reading R.R. bonds, . . 5,000 00 6,350 00 

Union Pacific Railway bonds, .... 3,500 00 3,510 00 

St Johnsbury & Lake Champlain R.R. bonds, 6,000 00 7,500 00 

New York, New Haven & Hartford R.R. bonds, 5,000 00 5,450 00 

N. H. Trust Co. bonds 3,750 00 2,250 00 

Western Security Co. bonds, .... 6,000 00 1,800 00 



$109,460 00 $98,585 00 



DEDHAM MUTUAL FIRE INSURANCE CO, 



25 



Summary of Assets Dec. 31, 1899. 

Loans on mortgage of real estate (first liens), $44,300 00 

Interest due or accrued thereon, . . . 1,206 32 

Stocks, bonds, etc., as per schedule, . . . 98,585 00 

Cash in the office of the company, and in banks, 2,495 11 

Interest due and accrued, 1,368 17 

Premiums in course of collection (gross), . 2,322 64 
Prem's more than three mos. due, . $22 00 

Gross assets, $150,277 24 



Liabilities. 

Unearned premiums on outstanding risks, . $49,896 09 

Return premiums on cancelled policies, . . 228 25 

Profits or surplus on terminated policies, unpaid, 2,697 10 

Commissions and brokerage, .... 351 69 

Gross liabilities, 



53,173 13 



Net cash assets, 



$97,104 11 



Income. 

Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . , 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 

Net cash premiums received, .... — ■ 

Interest received on mortgages, ..... 
Interest and dividends received from all other sources, . 



$2,695 22 
33,399 06 

$36,094 28 
2,344 64 

$33,749 64 
715 47 



$33,034 17 
2,053 07 
4,884 51 



Gross cash income, 



$39,971 75 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, .... 



$15,860 92 

13,271 20 

4,827 67 

4,533 58 

430 52 

270 00 

1,004 65 



Gross cash expenditures, 



$40,198 54 



26 



DORCHESTER MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1898, $5,889,921 00 
Risks written during 1899, . 2,186,492 00 



Cash I'rem's. Conting't Prem's. 

|92,921 66 $92,921 66 
33,399 06 33,399 06 



Total, $8,076,413 00 

Risks terminated during 1899, . 1,934,468 00 



$126,320 72 $126,320 72 
30,713 76 30,713 70 



In force at end of year, 



. $6,141,945 00 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 25, 50 and 70 per cent 



$95,606 96 $95,606 96 
$15,861 00 



DORCHESTER MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated February, 1855. Commenced business July, 1855 ] 
THOMAS F. TEMPLE, President. W. D. C. CURTIS, Secretary. 

Office, Neponset. 
Amount of permanent fund, $200,000 00 



Detailed Statement of Stocks, 

Fitchburg R.R. bonds, 

Chicago, Burlington & Quincy Railroad bonds, 

56 shares Blue Hill National Bank, 

12 

10 

33 

10 
5 

10 
304 
273 

75 

56 
123 
300 



Hide and Leather National Bank, 
New England National Bank, 
State National Bank, 
Mt. Wollaston National Bank, 
Granite National Bank, . 
Weymouth National Bank, 
Boston & Albany Railroad, 
Old Colony Railroad, 
Boston & Maine Railroad, 
Boston & Lowell Railroad, 
Boston Lead MTg Co., . 
International Trust Co , . 



Bonds, etc. 

Par Value. 

$22,000 00 

10,000 00 

5,600 00 

1,200 00 

1,000 00 

3,300 00 

1,000 00 

500 00 

1,000 00 

30,400 00 

27,300 00 

7,500 00 

5,600 00 

12,300 00 

30,000 00 



Market Value. 

$23,980 00 

10,900 00 

5,880 00 

1,380 00 

1,550 00 

3,894 00 

1,400 00 

650 00 

1,000 00 

74,480 00 

55,965 00 

15,150 00 

13,552 00 

12,300 00 

67,500 00 



$158,700 00 $289,581 00 



Summary of Assets Dec. 31, 1899. 
Cash value of unencumbered real estate, . $22,000 00 

Loans on mortgage of real estate (first liens *), 21,588 13 

* Value of lands mortgaged, $17,000 00 

Value of buildings thereon 20,400 00 

Amount of insurance held as collateral, .... 19,000 00 



DORCHESTER MUTUAL FIRE INSURANCE CO. 



27 



Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Prem's more than three mos. due, . $2,050 30 
Gross assets, 



$1,083 33 

289,581 00 

4,749 58 

14,609 22 

120 00 



$353,731 26 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, 
Due for borrowed money, . 
Commissions and brokerage, . 

Gross liabilities, .... 



Net cash assets, 



Income 



Premiums outstanding Dec. 31, 1898, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash premiums received, . 
Received for extra premiums, . 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 



Gross cash income, 



other 



$2,285 00 
219,490 51 

2,130 00 
15,000 00 

2,346 89 



$16,799 49 
1,210 15 

$15,589 34 
127,584 95 

$143,174 29 
16,659 52 

$126,514 77 
3,552 94 



sources, 



241,252 40 

$112,478 86 



$122,961 83 

727 4a 

750 00 

12,717 26 

1,050 00 

$138,206 52 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, . 

for rents, 

for interest on borrowed money, 

for incidentals, 

for repairs on real estate, 

Gross cash expenditures, .... 



$67,445 50 

56,926 24 

19,888 54 

8,557 97 

2,876 55 

695 00 

600 00 
1,442 39 

601 69 

$159,033 88 



28 FALL KIVER MANUFACTURERS' MUTUAL INSURANCE CO. 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec 31, 1898, $30,486,035 00 $473,672 62 $473,672 62 

Risks written during 1899, . 8,323,430 00 127,584 95 127,584 95 



Total $38,809,465 00 $601,257 57 $601,257 57 

Risks terminated during 1899, . 9,005,959 00 141,773 72 141,773 72 



In force at end of year, . . $29,803,506 00 $459,483 85 $459,483 85 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 20, 40 and 60 per cent. 



$63,739 00 



FALL RIVER MANUFACTURERS' MUTUAL INSURANCE 
COMPANY, FALL RIVER. 

[Incorporated Feb. 11, 1870. Commenced business May 1, 1870.] 
THOMAS J. BORDEN, President. CHARLES 8. WARING, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value 

Taunton city bonds, $15,000 00 $16,875 00 

Fall River city bonds 21,000 00 23,500 00 

Boston city bonds, 40,000 00 43,400 00 

Newport (R. I.) city bonds, .... 20,000 00 22,500 00 

Cleveland (O.) city bonds, .... 25,000 00 28,000 00 

Boston & Lowell R.R. bonds, .... 30,000 00 31,250 00 

Boston & Providence R.R. bonds, . . . 20,000 00 22,000 00 

Concord & Montreal R.R. bonds, . . . 15,000 00 16,275 00 

Chicago, Burlington & Quincy R.R. bonds, . 15,000 00 16,350 00 

Phila., Wilmington & Baltimore R.R. bonds, . 20,000 00 21,600 00 

Old Colony R.R. bonds, . . . . ' . 30,000 00 34,050 00 

Boston & Maine R.R. bonds, .... 10,000 00 11,400 00 

West End Street Railway bonds, . . . 15,000 00 15,675 00 



$276,000 00 $302,875 00 



Summary of Assets Dec 

Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



31, 1899. 

$302,875 00 

40 87 

32,250 16 

3,875 16 

3,928 40 



$342,969 59 



FALL RIVER MANUFACTURERS' MUTUAL INSURANCE CO. 29 



Liabilities. 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, 



$148,060 57 
548 07 



$148,608 64 



Net cash assets, . $194,360 95 



Income. 

Premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected, ..... 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 
Interest and dividends received from all sources, 



$3,010 78 
23 50 

$2,987 28 
315,469 95 

$318,457 23 
3,928 40 

$314,528 83 
13,543 44 



$300,985 39 
12,456 56 



Gross cash income, $313,441 95 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, . . . . . 

for inspections, .... 

for incidentals, 



Gross cash expenditures, . 



$29,915 96 

260,985 57 

11,325 16 

2,987 72 

504 00 

4,746 17 

1,435 16 

$311,899 74 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1898, $36,983,154 00 $301,458 41 $1,507,292 05 
Risks written during 1899, . 39,704,623 00 315,469 95 1,577,349 75 



Total, $76,687,777 00 $616,928 36 $3,084,641 80 

Risks terminated during 1899, . 39,546,651 00 320,807 22 1,604,036 10 



In force at end of year, . . $37,141,126 00 $296,121 14 $1,480,605 70 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 84^ per cent. 



$29,916 00 



30 



FITCHBURG MUTUAL FIRE INSURANCE CO. 



FITCHBURG MUTUAL FIRE INSURANCE COMPANY, 

FITCHBURG. 

[Incorporated March 23, 1847. Commenced business 8ept. 1, 1847.] 
HENRY G. MORSE, President. LINCOLN R. WELCH, Secretary. 

Amount of permanent fund, $106,226 50 



Detailed Statement of Stocks, 



Fitchburg & Leominster St. R'y bonds, . 

Investment Trust Co. of America bonds, . 

Minnesota Thresher Manufacturing Co. bonds 

City of Fitchburg water bonds, 

10 shares Fitchburg National Bank, 

20 ' 

70 ' 

15 « 

25 ' 

25 ' 

10 ' 



Rollstone National Bank, . 

Fitchburg R.R. Co., . 

Springfield Safe Dep. & Trust Co., 

Pullman Palace Car Co., . 

N. Y., New Haven & Hartford R.R., 

Boston & Maine R.R., 



Securities held as collateral for cash loans : — 



80 shares Simonds Manufacturing Co., . 



Bonds, etc. 

Par Value. 

$5,000 00 
7,500 00 

24,000 00 
5,000 00 
1,000 00 
2,000 00 
7,000 00 
1,500 00 
2,500 00 
2,500 00 
1,000 00 



Market Value. 

$5,300 00 
5,000 00 

24,000 00 
5,150 00 
1,500 00 
2,900 00 
8,050 00 
2,250 00 
4,650 00 
5,375 00 
2,010 00 



$59,000 00 $66,185 00 

Market Value. Loaned Thereon. 

$12,000 00 $6,200 00 



Summary of Assets Dec. 31, 1899. 

Cash value of unencumbered real estate, . $70,000 00 

Loans on mortgage of real estate (first liens*), 36,289 00 

Interest due or accrued thereon, . . . 1,196 30 

Stocks, bonds, etc., as per schedule, . . . 66,185 00 

Loans on collateral security, as per schedule, . 6,200 00 

All other cash loans, 235 00 

Cash in the office of the company, . . . 4,629 38 

Cash deposited in bank, 9,734 93 

Interest due and accrued, 1,977 33 

Premiums in course of collection (gross) , . 12,204 19 

Rents due and accrued, 276 00 

Gross assets, $208,927 13 

Liabilities. 

Losses adjusted, unpaid, $5,217 16 

Unearned premiums on outstanding risks, . 126,370 36 
Profits or surplus on terminated policies, unpaid, 1,674 67 

* Value of lands mortgaged $22,200 00 

Value of buildings thereon 44,700 00 

Amount of insurance held as collateral 41,740 00 



FITCHBURG MUTUAL FIRE INSURANCE CO. 



31 



Due for borrowed money, 
Commissions and brokerage, 
Gross liabilities, . 



Net cash assets, 



$10,000 00 
1,830 62 



$145,092 81 
863,834 32 



Income. 

Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less i*einsurance and return premiums, . 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



Expenditures. 

Cash paid for losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for losses, .... 

Cash paid as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for expenses on real estate, 

Gross cash expenditures, . 



$15,024 59 
109,926 10 

$124,950 69 
12,204 19 

$112,746 50 
5,211 88 



sources, 



,055 37 
681 22 



$107,534 62 

430 10 

1,903 32 

4,455 67 

3,838 50 

$118,162 21 



$54,374 15 

24,475 13 

16,828 10 

6,820 08 

2,087 30 

1,200 00 

11,379 32 

$117,164 08 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1898, $18,088,582 00 $248,449 19 
Risks written during 1899, . 7,800,974 00 109,926 10 



Total, .... 
Risks terminated during 1899, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$25,889,556 00 $358,375 29 
7,645,752 00 113,581 83 



$18,243,804 00 $244,793 46 
113,995 00 1,761 34 



Conting't Prem's. 

$248,449 19 

109,926 10 

$358,375 29 

113,581 83 

$244,793 46 

1,761 34 



$18,129,809 00 $243,032 12 $243,032 12 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 20 and 40 per cent. 



$54,002 00 



32 GROVELAND MUTUAL FIRE INSURANCE CO. 



GROVELAND MUTUAL FIRE INSURANCE COMPANY, 

GROVELAND. 

[Incorporated March 28, 1828. Commenced business March 28, 1828], 

HERSCHEL A. SPOFFORD, President. LOUIS A. WOODBURY, Secretary. 

[Note. — This company charges no cash premiums, but relies upon assessments on deposit 
notes to pay losses and expenses.] 

Summary of Assets Dec. 31, 1899. 
Cash deposited in bank, . f 790 58 

Income. 

Income from policy fees, $293 50 

Assessments on deposit notes, 6,519 15 

Borrowed money, $ 1,500 00 

Gross cash income, $6,812 65 

Expenditures. 

Cash paid for losses, , $4,265 90 

for salaries of officers and employees, . . . 898 65 

for State and local taxes, 61 63 

for rents, 40 00 

Borrowed money repaid, $2,225 00 

Interest on borrowed money, 91 97 

Cash paid for incidentals, 26 23 

Gross cash expenditures, $5,384 38 

Risks and Premiums. 

Amount. Conting't Prem's. 

Risks outstanding Dec. 31, 1898, . . . $1,746,066 00 $125,772 22 
Risks written during 1899, .... 390,284 00 27,797 10 

Total, $2,136,350 00 $153,569 32 

Risks terminated during 1899, .... 382,560 00 27,472 21 

In force at end of year, $1,753,790 00 $126,097 11 

Miscellaneous. 

Losses incurred during the year, $4,266 00 

Assessments laid on deposit notes or contingent premiums, . 6,519 00 



HAMPSHIRE MUTUAL FIRE INSURANCE CO. 



33 



HAMPSHIRE MUTUAL FIRE INSURANCE COMPANY, 
NORTHAMPTON. 

[Incorporated March 6, 1830. Commenced business July 1, 1832.] 
CHARLES N. CLARK, President. OLIVER WALKER, Secretary. 

Amount of permanent fund, . $27,523 66 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. 

$6,300 00 

1,000 00 

2,500 00 

400 00 

1,000 00 



63 shares Conn. River R.R., 
10 " Northampton National Bank, . 
25 " Chicago, Burl. & Quincy R.R., . 
Chicago, Burlington & Quincy R.R. bonds, 
Conn. River R.R. scrip dividend, 



Summary of Assets Dec. 31, 1899. 

Loans on mortgage of real estate (first liens *), 
Interest accrued thereon, . 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, 
Interest due and accrued, . 
Gross assets, 



Liabilities. 
Losses adjusted 1 , unpaid, .... 
Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid 
Due for borrowed money, .... 
State and local taxes, .... 
Gross liabilities, 



Net cash assets, $17,133 95 



$491 88 

25,757 92 

106 98 

1,000 00 

26 81 



Income. 
Premiums on risks written or renewed, . 
Less reinsurance and return premiums, . 
Net cash premiums received, . 
Received for extra premiums, . 
Interest received on mortgages, 
Interest and dividends received from all other 
Income from all other sources, . 
Borrowed money, 

Gross cash income, 



$13,331 91 
586 49 



sources, 



$1,000 00 



Market Value. 

$17,640 00 

2,000 00 

3,050 00 

480 00 

1,000 00 



$11,200 00 $24,170 00 



$19,200 00 




362 26 




24,170 00 




44 84 




363 38 




377 06 






$44,517 54 



27,383 59 



$12,745 42 

96 84 

960 00 

1,053 50 

146 88 



$15,002 64 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$11,200 00 
31,300 00 
21,700 00 



34 



HINGHAM MUTUAL FIRE INSURANCE CO. 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, . 

for rents, 

for incidentals, 



Gross cash expenditures, $19,678 94 



$10,496 52 

5,743 85 

1,489 61 

1,459 00 

119 83 

150 00 

220 13 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1898, $3,799,404 50 
Risks written during 1899, . 917,564 50 



Total, $4,716,969 00 

Risks terminated during 1899, . 1,015,961 50 



Cash Prem's. 

$53,805 28 
13,331 91 

$67,137 19 
14,553 47 



Conting't Prem's. 

$53,805 28 
13,331 91 

$67,137 19 
14,553 47 



In force at end of year, 



. $3,701,007 50 $52,583 72 $52,583 72 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 20, 40 and 50 per cent. 



$9,788 00 



H1NGHAM MUTUAL FIRE INSURANCE COMPANY, HINGHAM. 

[Incorporated March 4, 1826. Commenced business Sept. 1, 1820.] 
WM. FEARING, 2d, President. HENRY W. CU8HING-, Secretary. 



Amount of permanent fund, 



$193,042 98 



Detailed Statement of Stocks, 

30 shares Hingham National Bank, Hingham, 
60 
8 
12 
34 
10 
11 
30 
50 
92 
109 
27 
25 



Old Colony Nat'l Bank, Plymouth, 
Abington Nat'l Bank, Abington, . 
Union National Bank, Boston, 
State National Bank, Boston, 
Globe National Bank, Boston, 
Commerce National Bank, Boston, 
Webster National Bank, Boston, . 
Hingham Water Company, 
Old Colony Railroad, 
Boston & Albany Railroad, 
Chicago, Burlington & Quincy R.R., 
Union Pacific R.R., .... 



Bonds, etc. 

Par Value. 

$3,000 00 
6,000 00 
800 00 
1,200 00 
3,400 00 
1,000 00 
1,100 00 
3,000 00 
5,000 00 
9,200 00 

10,900 00 
2,700 00 
2,500 00 



Market Value. 

$3,060 00 

7,500 00 

840 00 

1,716 00 

3,910 00 

1,254 00 
3,120 00 
6,000 00 
18,860 00 
26,705 00 
3,348 00 
1,875 00 



HINGHAM MUTUAL FIRE INSURANCE CO. 



35 



Eastern Railroad bonds, .... 
Union Pacific Railroad bonds, . 
Chicago, Burlington & Quincy Railroad bonds 
Hingham Water Company bonds, . 
Fitchburg Railroad bonds, 



Securities held as collateral for cash loans : — 



200 shares Helena Water Works, ) 
Helena Water Works scrip, S 

200 shares Metropolitan Steamship Co., 
60 " Lowell Suburban St. R'y Co., 
International Paper Company bonds, £ 
300 shares International Paper Co., 
Little Rock and Fort Smith bonds, 
Colorado Southern R.R. bonds, 
48 shares Colorado Southern R.R. stock 



3 



Par Value. 

$5,000 00 

5,000 00 

5,600 00 

10,000 00 

15,000 00 



Market Value. 

$5,700 00 

5,100 00 

6,226 00 

10,500 00' 

15,900 00 



$90,400 00 $121,614 00 



Market Value. Loaned Thereon. 

$20,000 00 $15,923 11 



70,000 00 
9,600 00 



25,000 00 
8,000 00 



31,000 00 25,000 00 



16,776 00 12,000 00 



$147,376 00 $85,923 11 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Rents due and accrued, 
Prem's more than three mos. due, . $88 41 
Gross assets, 



31, 1899. 

$35,451 19 

115,975 00 

1,564 91 

121,614 00 

85,923 11 

1,063 91 

17,753 80 

1,032 19 

143 50 



$380,521 61 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid 
Commissions and brokerage, . 

Gross liabilities,! .... 



Net cash assets, 



$2,180 00 

204,714 57 

2,953 97 

12 96 



209,861 50 
$170,660 11 



* Value of lands mortgaged, $57,750 00 

Value of buildings thereon 151,800 00 

Amount of insurance held as collateral 127,300 00 

t Since filing the annual statement an assessment of 100 per cent, has been levied on Globe 
National stock. 



36 



HINGHAM MUTUAL FIRE INSURANCE CO. 



Income 

Premiums outstanding Dec. 31, 1898, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 



Gross cash income, 



$108 16 
86 41 

$21 75 
78,731 00 

$78,755 75 
88 41 

$78,667 34 
3,011 80 



sources, 



$75,655 54 

1,564 92 

5,560 99 

11,895 13 

378 00 

$95,054 58 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



$24,473 10 

46,943 26 

11,280 91 

5,957 60 

792 83 

1,749 20 



Gross cash expenditures, $91,196 90 



Risks and Premiums. 

Amount. Cash Prem's. Conting*t Prem's. 

Risks outstanding Dec. 31, 1898, $28,101,469 00 $417,246 31 $417,246 31 

Risks written during 1899, . 5,267,685 00 78,734 00 78,734 00 



Total, $33,369,154 00 $495,980 31 $495,980 31 

Risks terminated during 1899, . 5,452,742 00 81,194 93 81,194 93 



In force at end of year, . .$27,916,412 00 $414,785 38 $414,785 38 



Miscellaneous. 
Losses incurred during the year, 
Profits or surplus returned during 1899, 40 and 60 per cent. 



$24,972 00 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



37 



HOLYOKE MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated March 14, 1843. Commenced business May 23, 1843.] 

CHARLES H. PRICE, President. WALTER L. HARRIS, Secretary. 

THOS. H. JOHNSON, Vice-President. 

Guaranty Capital, $100,000. 
Amount of permanent fund, $494,105 40 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Allen County (Ind.) bonds, .... $10,000 00 $10,400 00 

Wayne County (Mich.) bonds, .... 10,000 00 10,500 00 

Marion County (Ind.) bonds, .... 5,000 00 5,600 00 

Washington County (111.) bonds, . . . 2,000 00 2,120 00 

Boston (Mass.) city bonds, . ' . . . 5,000 00 5,000 00 

Billerica (Mass.) town bonds 2,000 00 2,010 00 

Cincinnati (Ohio) city bonds, .... 16,000 00 17,715 00 

Columbus (Ohio) city bonds, .... 15,000 00 16,400 00 

Cleveland (Ohio) city bonds, .... 8,000 00 8,720 00 

Cambridge (Mass.) city bonds, . . . 5,000 00 5,650 00 

Des Moines (Iowa) city bonds, . . . 3,000 00 3,000 00 

Dayton (Ohio) city bonds, .... 10,000 00 10,275 00 

Evansville (Ind.) city bonds, .... 6,000 00 6,120 00 

Dover (N. H.) city bonds, .... 5,000 00 5,125 00 

Fitchburg (Mass.) city bonds, .... 2,000 00 2,035 00 

Indianapolis (Ind.) city bonds, . . . 10,000 00 10,000 00 

Jersey City (N. J.) city bonds, 1 . . . 5,000 00 5,300 00 

Lynn (Mass.) city bonds, 12,000 00 12,860 00 

Lawrence (Mass.) city bonds, .... 5,000 00 5,600 00 

Maiden (Mass.) city bonds, .... 11,000 00 11,450 00 

New Haven (Conn.) city bonds, . . . 5,000 00 5,287 50 

Orange (N. J.) city bonds, .... 10,000 00 11,500 00 

Salem (Mass.) city bonds, .... 4,000 00 4,000 00 

Pawtucket (R. I.) city bonds, .... 10,000 00 10,950 00 

St. Paul (Minn.) city bonds, .... 25,000 00 28,625 00 

Boston & Lowell R.R. bonds, .... 6,000 00 6,490 00 

Atchison, Topeka & Santa Fe R.R. bonds, . 14,000 00 12,835 00 

Boston & Maine R.R. bonds, .... 10,000 00 10,300 00 

Baltimore & Ohio R.R. bonds, .... 12,000 00 11,445 00 

Burlington & Missouri River R.R. (Neb.) bonds, 10,000 00 10,000 00 

Cincinnati, Hamilton & Dayton R.R. bonds, . 10,000 00 10,700 00 

Chesapeake & Ohio R.R. bonds, . . . 10,000 00 11,550 00 

Cleveland, L. & Wheeling R.R. bonds, . . 10,000 00 10,600 00 

Chicago & Alton R.R. bonds, .... 5,000 00 5,300 00 

Chicago & Eastern Illinois R. R. bonds, . . 5,000 00 5,600 00 

Chicago & West Indian R.R. bonds, . . 8,000 00 9,200 00 



38 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



Central Pacific R.R. bonds, 
Central New Jersey R.R. bonds, 
Fitchburg R.R. bonds, 
Housatonic R.R. bonds, 
Jackson, Lansing & Saginaw R.R. bonds, 
Kansas City, St. Jo. & C. B. R.R. bonds, 
Kansas City, Ft. S. & Memphis R.R. bonds, 
Lehigh Valley R.R. bonds, 
Maine Central R.R. bonds, 
Norwich & Worcester R.R. bonds, 
New England R.R. bonds, 
Narragansett Pier R.R. bonds, . 
New Haven & Derby R.R. bonds, 
Northwestern Union R.R. bonds, 
N. Y. Ontario & Western R.R. bonds, 
St. Paul, Minn. & Manitoba R.R. bonds, 
Old Colony R.R. bonds, . 
Terre Haute & Southeastern R.R. bonds, 
Union Pacific R.R. bonds, 
Vermont Central R.R. bonds, . 
Boston Building Co., Denver, Col., bonds, 
Col. M. S. Exchange, Denver, Col., bonds, 
Delaware & Hudson Canal Co. bonds, 
Keokuk Water Co. bonds, 
Western Union Telegraph Co. bonds, 
American Mail Steamship Co. bonds, 
Clinton Water Co. bonds (Clinton, Iowa), 
31 shares Old Colony R.R., . 



50 
55 

100 

162 
10 
10 
35 
41 

140 
30 
10 
31 
30 

100 
50 
10 

100 
40 
10 
20 



Portland, Portsmouth & Saco R.R. 
N. Y., New Haven & Hart. R.R., 
Pitts., F. Wayne & Chic. R.R 
Union Pacific R.R., . 
First National Bank, Salem, 
Merchants' National Bank, Salem, 
Mercantile National Bank, Salem, 
Naumkeag National Bank, Salem, 
Salem National Bank, Salem, 
Atlantic National Bank, Boston, 
Blackstone National Bank, Boston, 
Freeman's National Bank, Boston, 
Globe National Bank, Boston, 
Merchants' National Bank, Boston, 
Republic National Bank, Boston, . 
Shawmut National Bank, Boston, . 
Second National Bank, Boston, 
Shoe & Leather Nat'l Bank, Boston, 
Beverly National Bank, Beverly, . 
So. Danvers Nat'l Bank, Peabody, . 



Par Value. 

$3,500 00 

7,000 00 

10,000 00 

10,000 00 

6,000 00 

5,000 00 

8,000 00 

15,000 00 

4,000 00 

5,000 00 

25,000 00 

10,000 00 

20,000 00 

8,000 00 

7,000 00 

10,000 00 

15,000 00 

5,000 00 

22,500 00 

2,000 00 

10,000 00 

10,000 00 

5,000 00 

10,000 00 

5,000 00 

4,500 00 

5,000 00 

3,100 00 

5,000 00 

5,500 00 

10,000 00 

16,200 00 

1,000 00 

500 00 

3,500 00 

4,100 00 

14,000 00 

3,000 00 

1,000 00 

3,100 00 

3,000 00 

10,000 00 

5,000 00 

1,000 00 

10,000 00 

4,000 00 

1,000 00 

2,000 00 



Market Value. 

$3,315 00 

8,400 00 

10,700 00 

12,800 00 

6,000 00 

5,900 00 

8,320 00 

16,125 00 

4,480 00 

5,575 00 

33,750 00 

10,700 00 

22,400 00 

11,600 00 

7,210 00 

11,500 00 

17,100 00 

5,150 00 

23,400 00 

1,800 00 

10,200 00 

10,000 00 

7,400 00 

10,200 00 

5,675 00 

4,747 50 

5,125 00 

6,308 50 

10,100 00 

11,550 00 

18,500 00 

11,907 00 

850 00 

650 00 

3,500 00 

5,125 00 

11,900 00 

3,780 00 

700 00 

3,131 00 

17,000 00 
8,750 00 
1,640 00 

17,600 00 
4,800 00 
1,450 00 
2,260 00 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



39 



12 shares First National Bank, Newburyport, . 
Balance due on 40 shares National Exchange 
Bank, Salem (in liquidation), 



Par Valae. 

$1,200 00 



Market Value. 

$1,536 00 
1,200 00 



$655,700 00 $744,102 50 



Summary of Assets Dec. 31, 1899. 
Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens *) , 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross) , 
Rents due and accrued, .... 
Gross assets, 

Liabilities 
Losses claimed and reported, . 
Losses disputed or resisted, 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Profits or surplus on terminated policies, unpaid, 
Commissions and brokerage, . 



$69,568 00 


63,000 


00 


2,968 


75 


744,102 50 


3,560 


03 


10,198 


25 


6,772 


96 


2,975 


49 


30 


00 




&903 175 Q8 






$22 


55 


185 


00 


281,654 


03 


375 


77 


I, 2,133 


92 


795 


70 



Gross liabilities, except guaranty capital,! 

Guaranty capital, 

Total, 



$285,166 97 
100,000 00 



385,166 97 



Net cash assets, $518,009 01 



Income. 

Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



$3,042 62 
141,954 04 

$144,996 66 
2,975 49 

$142,021 17 
6,342 24 



sources, 



$135,678 93 

1,049 69 

3,865 01 

33,738 51 

2,558 07 

$176,890 21 



* Value of lands mortgaged, $43,500 00 

Value of buildings thereon 93,500 00 

Amount of insurance held as collateral 62,450 00 

t Since filing the annual statement an assessment of 100 per cent, has been levied on Globe 
National Bank stock. 



40 



INDUSTRIAL MUTUAL INM I:\.\CE CO. 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for dividends to guaranty capital, . 

for incidentals, 



Gross cash expenditures, 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1898, $40,329,871 00 1585,611 70 
Risks written during 1899, 9,840,184 00 141,954 04 



Total $50,170,055 00 $727,565 74 

Risks terminated during 1899, . 10,473,441 00 156,864 04 



In force at end of year, 
Deduct amount reinsured, 



$39,696,614 00 $570,701 70 
125,362 00 1,179 06 



$51,931 42 

70,737 24 

20,639 56 

15,807 13 

3,173 55 

7,000 00 

5,258 15 

$174,547 05 



Conting't Prem's. 

$585,611 70 
141,954 04 

£727,565 74 
156,864 04 

$570,701 70 
1,179 06 



Net amount in force, . . $39,571,252 00 $569,522 64 $569,522 64 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 20, 40 and 60 per cent. 



$51,766 00 



INDUSTRIAL MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 17, 1890. Commenced business June 1, 1890. J 
B. F. TAFT, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 
Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

West End Street R.R. bonds, .... $35,00000 $38,17500 

Fitchburg Railroad bonds, .... 20,000 00 22,400 00 

Lynn & Boston R.R. bonds, .... 5,000 00 5,350 00 

Maine Central R.R. bonds, .... 15,000 00 15,800 00 

Connecticut River R.R. bonds, .... 5,000 00 5,000 00 

N. Y., N. H. & Hartford R.R. bonds, . . 2,000 00 2,320 00 

Watertown town bonds, 3,000 00 3,135 00 

Taunton city bonds, 5,000 00 5,500 00 

Boston & Lowell R.R. bonds, .... 5,000 00 5,175 00 

N. Y. Central & Hudson River R.R. bonds, . 10,000 00 9,600 00 

Chicago Terminal Transfer R.R. bonds, . . 10,000 00 9,400 00 

N. E. Tel. & Tel. Company bonds, . . . 15,000 00 17,400 00 



INDUSTRIAL MUTUAL INSURANCE CO. 



41 



American Cotton Yarn Company bonds, . 
American Writing Paper Company bonds, 
Corporation notes, 



Summary of Assets Dec 
Stocks and bonds, etc., as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, .... 



Par Value. 

$9,000 00 
20,000 00 
17,500 00 



Market Value. 

$9,270 00 
17,000 00 
17,500 00 



$176,500 00 $183,025 00 

31, 1899. 

$183,025 00 

114 92 

33,704 84 

2,236 28 

4,467 82 

$223,548 86 



,504 27 
486 18 



99,990 45 



Net cash assets, $123,558 41 



Income. 

Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Interest and dividends received from all sources, 



$2,416 20 
226,915 53 

$229,331 73 
4,467 82 



$224,863 91 
7,379 75 



Gross cash income, $232,243 66 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, 

for joint office expenses, . 

for inspections, 

for incidentals, . 



Gross cash expenditures, 



$16,202 58 
144,473 17 
5,848 25 
2,871 46 
9,284 10 
4,327 89 
397 65 

$183,405 10 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1898, $21,309,287 00 $177,983 54 $889,917 70 

Risks written during 1899, . 26,562,780 00 226,915 53 1,134,577 65 



Total, $47,872,067 00 $404,899 07 $2,024,495 35 

Risks terminated during 1899, . 23,157,703 00 205,890 53 1,029,452 65 



In force at end of year, 



. $24,714,364 00 $199,008 54 $995,042 70 



42 



LOWELL MUTUAL FIRE INSURANCE CO. 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1899, 75 per cent. 



$ 15,929 00 



LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL. 

[Incorporated March 6, 1832. Commenced business April, 1832.] 
JAMES C. ABBOTT, President. JOSEPH PEABODY, Secretary. 



Amount of permanent fund Dec. 31, 1898, 
Increase during the year, .... 



Permanent fund Dec. 31, 1899, 



$90,191 66 
5,027 71 

$95,219 37 



Detailed Statement of Stocks, 



United States bonds, . 

Boston & Lowell R.R. bonds, . 

Fitchburg R.R. bonds, 

Central R.R. of Vermont bonds, 

Boston city bond, 

Maine Central R.R. bonds, 

30 shares Lowell Bleachery, 



2 
10 

2 
10 
50 
36 
12 
50 
30 

6 

30 
20 
20 
65 



Pacific Mills, 
Lawrence Manufacturing Co., 
Hamilton Manufacturing Co., 
Lowell Manufacturing Co., 
Massachusetts Cotton Mills, 
Appleton Co., . 
Merrimack Manufacturing Co.. 
Franklin Manufacturing Co., 
Hill Manufacturing Co., . 
Vermont & Massachusetts R.R 
Boston & Maine R.R., 
Boston & Lowell R.R., 
First National Bank, Lowell, 
Lowell & Andover R.R., . 



Bonds, etc. 

Par Value. 

$1,000 00 
12,000 00 
10,000 90 
1,000 00 
2,000 00 
6,000 00 
3,000 00 
2,000 00 
1,000 00 
2,000 00 
6,900 00 
5,000 00 
3,600 00 
12,000 00 
5,000 00 
3,000 00 
600 00 
3,000 00 
2,000 00 
2,000 00 
6,500 00 



Market Value. 

81,105 00 

12,750 00 

10,619 00 

920 00 

2,100 00 

6,315 00 

2,257 00 

4,410 00 

1,275 00 

1,710 00 

6,025 00 

5,312 00 

3,960 00 

1-4,040 00 

5,225 00 

1,222 00 

1,008 00 

6,030 00 

4,820 00 

3,000 00 

13,975 00 



$89,600 00 $108,078 00 



Summary of Assets Dec. 31, 1899. 

Loans on mortgage of real estate (first liens *), $16,050 00 
Interest accrued thereon, 191 50 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$20,000 00 
16,000 00 
16,500 00 



LOWELL MUTUAL FIRE INSURANCE CO. 



43 



Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



$108,078 00 

938 22 

26,499 43 

1,981 50 

6,154 68 



$159,893 33 



Liabilities. 

Losses adjusted, unpaid, $1,198 96 

Unearned premiums on outstanding risks, . 67,071 47 

Profits or surplus on terminated policies, unpaid, 2,092 89 

Commissions and brokerage, .... 814 15 

Gross liabilities, 



71,177 47 



Net cash assets, 



,715 86 



Income. 

Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from agency department, 



$5,365 16 
47,234 01 

$52,599 17 
6,154 68 

$46,444 49 
1,145 59 



sources, 



Gross cash income, 



$45,298 


90 


190 


97 


769 


75 


4,793 


50 


60 


00 


1,623 


93 


$52,737 05 



Expenditures. 



Cash paid for losses, 

as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, 



$18,086 08 

16,555 55 

5,684 12 

5,295 70 

581 58 

650 00 

1,591 92 



Gross cash expenditures, 



$48,444 95 



44 LUMBER MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. Cash Prem's. Conting't 1'rem's. 

Risks outstanding Dec. 31, 1898, $7,312,324 00 $119,981 89 $119,981 89 

Risks written during 1899, . 3,017,898 00 47,234 01 47,234 01 



Total, $10,330,222 00 $167,215 90 $167,215 90 

Risks terminated during 1899, . 2,366,874 00 39,709 51 39,709 51 



In force at end of year, . . $7,963,348 00 $127,506 39 $ 127,506 39 
Deduct amount reinsured, . 45,450 00 523 76 523 76 



Net amount in force, . . $7,917,898 00 $126,982 63 $126,982 63 

Miscellaneous. 

Losses incurred during the year, $17,676 00 

Profits or surplus returned during 1899, 25, 50 and 70 per cent. 



LUMBER MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Feb. 13, 1895. Commenced business March 28, 1895.] 
WM. C. JOHNSON, President. E. J. JOHNSON, Secretary. 

Office, 53 Slate Street. 
Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

United States government bonds, . . . f 2,000 00 f 2,200 00 



Summary of Assets Dec 



31, 1899. 



Stocks, bonds, etc., as per schedule, . . . $2,200 00 

Cash in the office of the company, ... 36 29 

Cash deposited in bank, 45,552 26 

Interest due and accrued, 103 40 

Premiums in course of collection (gross), . 3,495 65 
Prem's more than three mos. due, $390 73 

Gross assets, $51,387 60 

Liabilities. 

Unearned premiums on outstanding risks, . $21,311 79 

Due for inspections, 25 33 

Gross liabilities, 21,337 12 



Net cash assets $30,050 48 



LUMBER MUTUAL FIRE INSURANCE CO. 



45 



Income. 

Premiums outstanding Dec. 31, 1898, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Interest and dividends received from all sources, . 

Gross cash income, . . 



$2,711 24 
1 66 

$2,709 58 
48,219 30 

$50,928 88 
3,886 38 

$47,042 50 
5,362 68 



$41,679 82 
1,407 66 

$43,087 48 



Expenditures. 



Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for incidentals, .... 

Gross cash expenditures, .... 



$8,087 05 


7,145 


22 


7,091 


46 


490 86 


300 


00 


4,876 


48 


$27,991 07 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31,1898, $1,705,110 80 $35,526 44 $106,579 32 

Risks written during 1899, . 2,230,146 62 48,219 30 144,657 90 



Total $3,935,257 42 $83,745 74 $251,237 22 

Risks terminated during 1899, . 1,926,981 71 41,122 17 123,366 51 



In force at end of year, . . $2,008,275 71 $42,623 57 $127,870 71 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1899, 20 per cent. 



$8,087 00 



46 



LYNN MUTUAL FIRE INSURANCE CO. 



LYNN MUTUAL FIRE INSURANCE COMPANY, LYNN. 

[Incorporated Feb. 20, 1828. Commenced business Aug. 1, 1828.] 
RUFUS KIMBALL, President. ISRAEL AUGUSTUS NEWHALL, Secretary. 

Amount of permanent fund, $56,910 38 



Detailed Statement of Stocks, Bonds, etc. 



40 shares First National Bank, Lynn, 
20 " National City Bank, Lynn, 
5 " Central National Bank, Lynn, . 
10 " Merchants' National Bank, Boston, 
15 M West Newton National Bank, . 
Chicago, Milwaukee & St. Paul R.R. bond, 
Southern Pacific R.R. bond, 
Atlantic & Pacific R.R. bond, 
Mexican Central R.R. bond, 
Lynn & Boston R.R. bonds, 
Chicago & Great Western R.R. bonds, . 
Ohio & West Virginia R.R. bond, . 
Ogdensburg & Lake Champlain R.R. bonds, 
Equitable Mortgage Company bonds, 
Atchison, Topeka & Santa Fe R.R. bonds, 
Atchison, Topeka & Santa Fe R.R. stock, 
Atchison, Topeka & Santa Fe R.R. scrip, 



Par Value. 


Market Value. 


$4,000 00 


$5,000 00 


2,000 00 


3,300 00 


500 00 


750 00 


1,000 00 


1,590 00 


1,500 00 


1,890 00 


1,000 00 


1,160 00 


500 00 


575 00 


1,000 00 


99 00 


1,000 00 


700 00 


3,000 00 


3,000 00 


2,000 00 


2,100 00 


1,000 00 


1,060 00 


2,000 00 


2,060 00 


1,000 00 


800 00 


3,000 00 


2,760 00 


4,520 00 


2,712 00 


450 00 


444 75 


$29,470 00 


$30,000 75 



Summary of Assets Dec. 31, 1899. 

Cash value of unencumbered real estate, . $4,860 04 

Loans on mortgage of real estate (first liens *), 24,900 00 

Interest due or accrued thereon, . . . 972 16 

Stocks, bonds, etc., as per schedule, . . . 30,000 75 

All other cash loans, 2,329 20 

Cash in the oflice of the company, . . . 199 13 

Cash deposited in bank, 147 97 

Interest due and accrued, 186 58 

Premiums in course of collection (gross), . 78 45 
Prem's more than three mos. due, . $32 85 

Gross assets, 



£63,674 28 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$25,150 00 
33,800 00 
33,800 00 



LYNN MUTUAL FIRE INSURANCE CO. 



47 



Liabilities. 

Losses adjusted, unpaid, $25 73 

Unearned premiums on outstanding risks, . 14,779 98 

Profits or surplus on terminated policies, unpaid, 389 00 

Gross liabilities, 



Net cash assets, 



Income. 

Premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, 



$109 00 
23 25 

$85 75 
6,804 59 

$6,890 34 
111 30 

$6,779 04 
201 59 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, 

Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, . 

for rents, 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1898, $2,130,427 00 
Risks written during 1899, . 486,533 00 



$15,194 71 
$48,479 57 



$6,577 45 


16 


77 


1,379 


96 


1,536 


28 



1,510 46 



$1,058 


99 


5,293 


74 


2,200 


00 


58 


15 


432 


00 


275 


56 



Total, $2,616,960 00 

Risks terminated during 1899, . 464,850 00 



Cash Prem's. 

$28,979 98 
6,804 59 

$35,784 57 
6,481 26 



1,318 44 



Continff't Prem's. 

$57,959 96 
13,609 18 

$71,569 14 
12,962 52 



la force at end of year, 



. $2,152,110 00 

Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 60 and 100 per cent, 
to July 1 ; balance of year, 60 and 80 per cent. 



$29,303 31 $58,606 62 



$1,085 00 



48 MEKCHANTS' AXD FARMERS' MUTUAL FIRE INSURANCE CO. 



MERCHANTS' AND FARMERS' MUTUAL FIRE INSURANCE 
COMPANY, WORCESTER. 

[Incorporated April 1, 1846. Commenced business Jan. 1, 1847.] 
JOHN D. WASHBURN, President. ELIJAH B. STODDARD, Secretary. 

Amount of permanent fund, $121,574 4£ 



Detailed Statement of Stocks, 

111 shares Atch., Topeka & Santa Fe R.R., 
57 ' 
25 
20 
20 
8 
25 
25 
61 
34 
25 
10 



Union Pacific R.R., . 

Wachusett Bank, 

Westminster Bank, . 

Central National Bank, . 

Mechanics' National Bank, 

Quinsigamond National Bank, 

Chicago, Burlington & Quincy R.R. 

Boston & Albany R.R., . 

Providence & Worcester R.R., 

Norwich & Worcester R.R., . 

Boston & Maine R.R., 
Lawrence city bonds, .... 

Eastern R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 
Atch., Topeka & Santa Fe R.R. bonds, 
City of Grand Haven, Mich., bonds, 
Corporation notes, 



Bonds, etc. 

Par Value. 

111,100 00 

5,700 00 

2,000 00 

2,000 00 

2,000 00 

800 00 

2,500 00 

2,500 00 

6,100 00 

3,400 00 

2,500 00 

1,000 00 

10,000 00 

5,000 00 

500 00 

10,500 00 

10,000 00 

10,750 00 



Market Value. 

14,473 00 
2,982 00 
5,000 00 
2,000 00 
2,600 00 
800 00 
3,750 00 
3,075 00 

15,006 00 
9,860 00 
5,500 00 
2,020 00 

11,200 00 

5,600 00 

605 00 

9,660 00 

10,225 00 

10,750 00 



$88,350 00 $105,106 00 



Summary of Assets Dec. 31, 1899. 

Cash value of unencumbered real estate, . $50,000 00 

Loans on mortgage of real estate (first liens *), 51,625 00 

Interest due or accrued thereon, . . . 861 30 

Stocks, bonds, etc., as per schedule, , . . 105,106 00 

Cash in the office of the company, . . . 1,672 07 

Cash deposited in bank, 19,720 21 

Interest due and accrued, 690 25 

Premiums in course of collection (gross), . 5,311 98 
Prem's more than three mos. due, . $749 14 

Gross assets, 



$234,986 81 



Liabilities. 



Losses adjusted, unpaid, . 
Losses claimed and reported, 



$577 06 
16 60 



* Total value of property mortgaged, . 
Amount of insurance held as collateral, 



$166,500 00 
61,350 00 



merchants' and farmers' mutual FIRE INSURANCE CO. 49 



Unearned premiums on outstanding risks, . $149,700 04 

Return premiums on cancelled policies, 482 80 

Profits or surplus on terminated policies, unpaid, 1,712 81 

Commissions and brokerage, .... 859 16 

Gross liabilities, 



|153,348 47 



Net cash assets, $81,638 34 



Income. 

Premiums outstanding Dec. 31, 1898, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash premiums received, . 
Received for extra premiums, . 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 



Gross cash income, 



other 



$9,326 06 
505 63 

$8,820 43 
92,694 55 

$101,514 98 
6,061 12 

$95,453 86 
3,690 07 



sources, 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for expense on real estate, 

for incidentals, .... 



Gross cash expenditures, 



$91,763 79 

511 99 

995 26 

5,519 00 

3,654 83 

$102,444 87 



$30,289 02 

39,259 06 

14,222 14 

7,219 00 

1,708 39 

176 37 

4,812 76 

$97,686 74 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1898, $21,144,829 00 $318,427 77 $318,427 77 

Risks written during 1899, . 6,282,151 00 92,694 55 92,694 55 

Total, $27,426,980 00 $411,122 32 $411,122 32 

Risks terminated during 1899, . 6,628,677 00 102,992 15 102,992 15 

In force at end of year, . . $20,798,303 00 $308,130 17 $308,130 17 

Miscellaneous. 

Losses incurred during the year, $29,383 00 

Profits or surplus return edVluring 1899, 20, 40 and 60 per cent. 



50 



MERRIMACK MUTUAL FIRE INSURANCE CO. 



MERRIMACK MUTUAL FIRE INSURANCE COMPANY, 

ANDOVER. 

[Incorporated Feb. 7, 1828. Commenced business April 8, 1828.] 
WM. S. JENKINS, President. JOSEPH A. SMART, Secretary. 

Amount of permanent fund, $150,206 00 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Cincinnati city bonds $12,000 00 $14,445 00 

Lynn city bonds 5,000 00 5,400 00 

Boston & Maine Railroad bonds, . . . 2,000 00 2,300 00 

Old Colony Railroad bonds, .... 10,000 00 12,000 00 

Chic, Burlington & Quincy R.R. bonds, . . 10,000 00 11,000 00 

Chicago & Northwestern R.R. bonds, . . 5,000 00 6,250 00 

Chicago, Mil. & St. Paul R.R, bonds, . . 5,000 00 5,650 00 

Salem (Ohio) Water Co. bonds, . . . 6,000 00 3,000 00 

Helena Water Co. bonds, 5,000 00 4,000 00 

Chicago, Wisconsin & Minn. R R. bonds, . 5,000 00 5,500 00 

Chic, Peoria & St. Louis R.R. bonds, . . 5,000 00 1,000 00 

Boston Investment Co. stock, .... 5,000 00 500 00 

Cleveland Cable bonds, 8,000 00 8,480 00 

Andover Water bonds 15,000 00 16,605 00 

Andover Electric Co. bonds, .... 4,500 00 4,950 00 

Danvers bonds, 10,000 00 10,900 00 

Seattle bonds, 5,000 00 5,200 00 

Westborough bonds 10,000 00 10,500 00 

North Andover bonds, 10,000 00 11,200 00 

Lawrence National Bank stock, . . . 1,500 00 1,800 00 

Andover National Bank stock, .... 1,000 00 1,100 00 



1140,000 00 $141,780 00 



Summary of Assets Dec. 31, 1899. 

Cash value of unencumbered real estate, . $5,500 00 
Loans on mortgage of real estate (first liens *), 112,650 00 

Interest due or accrued thereon, . . . 2,289 73 

Stocks, bonds, etc., as per schedule, . . 141,780 00 

Cash in the office of the company, . . . 569 61 

Cash deposited in bank, 5,472 19 

Interest due and accrued, 2,608 09 

Premiums in course of collection (gross), . 12,456 62 

Gross assets, 



$283,326 24 



* Total value of property mortgaged, . 
Amount of insurance held as collateral, 



$208,650 00 
123,400 00 



MERRIMACK MUTUAL FIRE INSURANCE CO. 



51 



Liabilities. 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Profits or surplus on terminated policies, unpaid 
Commissions and brokerage, . 

Gross liabilities, .... 



Net cash assets, 



110,631 56 

219,428 14 

70 43 

5,314 95 

2,021' 96 



1237,467 04 
$45,859 20 



Income. 

Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, . . . 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



Expenditures. 
Cash paid for losses, .... 

as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, 



Gross cash expenditures, 



$16,015 76 
110,327 04 

$126,342 80 
12,456 62 

$113,886 18 
6,048 27 



sources, 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1898, $30,265,317 00 $467,903 23 
Risks written during 1899, . 7,277,085 00 110,327 04 



Total, $37,542,402 00 

Risks terminated during 1899, . 7,634,015 00 



$578,230 27 
121,912 33 



$107,837 91 

915 36 

5,297 32 

6,991 55 

398 75 

$121,440 89 



$59,770 07 

55,083 06 

16,536 73 

6,830 00 

1,108 65 

600 00 

4,464 21 

$144,392 72 



Conting't Prem's. 

$467,903 23 
110,327 04 

$578,230 27 
121,912 33 



In force at end of year, 



.$29,908,387 00 

Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 20, 40 and 60 per cent. 



$456,317 94 $456,317 94 



$59,047 00 



52 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



MIDDLESEX MUTUAL FIRE INSURANCE COMPANY, CONCORD. 

[Incorporated March 3, 1826. Commenced business March 29, 1826.] 
RICHARD F. BARRETT, President. ADAMS TOLMAN, Secretary. 

Amount of permanent fund, ....... $327,532 84 



Detailed Statement of Stocks, 

33 shares Blaekstone National Bank, Boston, 
15 
26 
25 
20 
10 
30 
18 
3 
30 



Merchants 1 National Bank, Boston, 
Webster National Bank, Boston, 
Eliot National Bank, Boston, 
Faneuil Hall Nat'l Bank, Boston, 
Central National Bank, Boston, 
Hancock National Bank, Boston, 
State National Bank, Boston, . 
Suffolk National Bank, Boston, 
Commercial Nat'l Bank, Boston, 
Bal. due on Shawmut Nat'l B'k (in liquidation) 
33 shares Concord National Bank, Concord, 
57 " Boston & Albany Railroad, 
100 " Fitchburg Railroad, 
50 " Philadelphia, Wil. & Bait. R.R., 
226 " Chicago, Burl. & Quincy Railroad, 
287 " Atchison, Topeka & Santa Fe R.R., 
180 " Pullman Palace Car Co., 
Eastern Railroad bonds, .... 
Burlington & Missouri Railroad bonds, . 
Chicago, Burlington & Quincy R.R. bonds, 
Portland & Ogdensburg R.R. bonds, 
Atchison, Topeka & Santa Fe Railroad bonds 
Cincinnati, Ham. & Dayton Railroad bonds, 
Concord & Montreal Railroad bonds, 
Conn. & Passumpsic Rivers R.R. bonds, . 
Cleveland, L. & Wheeling R.R. bonds, 
Old Colony R.R. bonds, .... 
Boston & Lowell R.R. bonds, . 
Boston & Albany R.R. bonds, . 
New York, Providence & Boston R.R. bonds, 
Boston & Maine R.R. bonds, 
Narragansett Pier R.R. bonds, . 
Norwich & Worcester R.R. bonds, . 
St. Paul, Minn. & Manitoba R.R. bonds, . 

United States bonds, 

Bath city bonds, 

Toledo city bonds, 

Cambridge city bonds, .... 
Omaha city bonds, 



Bonds, etc. 

Par Value. 

83,300 00 
1,500 00 
2,600 00 
2,500 00 
2,000 00 
1,000 00 
3,000 00 
1,800 00 
300 00 
3,000 00 

3,300 00 

5,700 00 

10,000 00 

2,500 00 

22,600 00 

28,700 00 

18,000 00 

6,000 00 

7,000 00 

18,000 00 

20,000 00 

3,000 00 

10,000 00 

25,000 00 

25,000 00 

10,000 00 

6,000 00 

15,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 
10,000 00 

10,000 00 

10,000 00 

3,000 00 

10,000 00 
20,000 00 

5,000 00 



Market Value. 

$2,310 00 
2*660 00 

2,723 50 

3,550 00 

2,660 00 

1,250 00 

3,000 00 

2,072 25 

327 00 

2,250 00 

2,260 00 

5,280 00 

14,079 00 

12,100 00 

3,750 00 

28,024 00 

8,198 37 

34,200 00 

6,870 00 

7,070 00 

18,910 00 

22,500 00 

2.762 50 

10,850 00 

27,500 00 

29,000 00 

10,850 00 

6,697 50 

16,125 00 

10,850 00 

11,700 00 

12,850 00 

10,800 00 

11,200 00 

11,500 00 

11,450 00 

3,105 00 

11,250 00 

21,700 00 

5,000 00 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



53 



Paw tucket city bonds, 

Medford city bonds, .... 

Holyoke city bonds, .... 

American Bell Telephone bonds, 

N. Y., Ontario & Western R.R. bonds, 



Securities held as collateral for cash loans : — 

9 shares Chicago & West Michigan R.R., 
29 " Pemberton Mills, .... 
40 " American Powder Mills, . 



Par Value. 

|10,000 00 

5,000 00 

10,000 00 

10,000 00 

10,000 00 



Market Value. 

$10,600 00 

5,600 00 

11,400 00 

10,100 00 

10,450 00 



$409,800 00 $459,274 12 



Market Value. 

$189 00 
2,320 00 
6,200 00 



Loaned Thereon. 

$1,600 02 
2,500 00 



$8,709 00 $4,100 02 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
All other cash loans, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Rents due and accrued, 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 
Losses disputed or resisted, 
Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid 
Commissions and brokerage, . 

Gross liabilities, .... 



Net cash assets, 



31, 1899. 

$41,000 00 

74,713 34 

2,107 25 

459,274 12 

4,100 02 

23,100 00 

5,565 84 

3,981 82 

4,572 14 

19,896 83 

850 00 



$2,000 00 

600 00 

337,753 30 

8,048 33 

2,654 52 



Income. 
Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 



$24,364 17 
170,131 63 

$194,495 80 
19,896 83 

$174,598 97 
4,040 65 



$639,161 36 



351,056 15 
$288,105 21 



$170,558 32 



* Value of lands mortgaged, $58,900 00 

Value of buildings thereon, 130,100 00 

Amount of insurance held as collateral, . . . . 85,500 00 



54 



MUTUAL FIRE ASSURANCE CO. 



Received for extra premiums, 
Interest received on mortgages, 
Interest and dividends received from 
Income from rents, . 
Income from all other sources, 



Gross cash income, 



all 



other sources, 



$1,086 79 

3,835 57 

21,994 42 

426 00 

97 94 

$197,999 04 



Expenditures. 

Cash paid for losses, 

Deduct salvage and reinsurance, 

Net cash paid for losses, 

Cash paid as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, . 
for incidentals, .... 



$83,942 28 
2,634 58 



Gross cash expenditures, $217,254 91 



$81,307 70 

89,530 85 

25,382 65 

11,102 52 

1,997 62 

7,933 57 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's 

Risks outstanding Dec. 31, 1898, $45,040,370 00 $666,590 55 $666,590 55 

Risks written during 1899, . 11,584,098 00 170,131 63 170,131 63 



Total, $56,624,468 00 $836,722 18 $836,722 18 

Risks terminated during 1899, . 11,123,057 00 170,685 43 170,685 43 



In force at end of year, . .$45,501,41100 $666,036 75 $666,036 75 
Deduct amount reinsured, . 212,742 00 3,254 94 3,254 91 



Net amount in force, . .$45,288,669 00 $662,78181 $662,78181 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 25, 50 and 70 per 
cent, to June 1 ; balance of year, 20, 40 and 60 per cent. 



$84,864 00 



MUTUAL FIRE ASSURANCE COMPANY, SPRINGFIELD. 

[Incorporated Feb. 23, 1827. Commenced business July 23, 1827.] 
GEO. B. HOLBROOK, President. FRANK R. YOUNG, Secretary. 

Amount of permanent fund, $117,216 93 



Detailed Statement of Stocks, Bonds, etc. 



Vermont Valley R.R. bonds, . 

Western Union Telegraph bonds, 

Chesapeake & Ohio R.R. bonds, 

Ohio Southern R.R. bonds, 

N. Y. Central & Hudson River R.R. bonds, 



Par Value. 

$4,000 00 
7,000 00 
4,000 00 
3,000 00 
8,000 00 



Market Value. 

$4,320 00 

7,210 00 

4,720 00 

2,670 00 

7,760 00 



MUTUAL FIRE ASSURANCE CO. 



55 



Chicago, Burlington & Quincy R.R. bonds, 

Phila., Wil. & Baltimore R.R. bonds, 

Holyoke Street R.R. bonds, 

Boston & Albany R.R. bonds, . 
75 shares Second National B'k, Springfield, 
61 " Chicopee Nat'l B'k, Springfield, 
25 " John Hancock N'l B'k, Springfield 
25 " First National Bank, Springfield, 
25 " Chapin National Bank, Springfield 
10 " Monson National Bank, Monson, 
10 " First National Bank, Chicopee, 
50 " Hadley Falls Nat'l B'k % Holyoke, 
20 " Springfield N'l B'k, Springfield, 
50 " Commerce Nat'l Bank, Boston, 

100 " Boston & Albany R.R., . 

150 " N. Y. Cent. & Hudson River R.R., 
58 " Chic, Burl. & Quincy R.R., . 



Par Value. 

$1,500 00 
4,000 00 
G,000 00 

10,000 00 
7,500 00 
6,100 00 
2,500 00 
2,500 00 
2,500 00 
1,000 00 
1,000 00 
5,000 00 
2,000 00 
5,000 00 

10,000 00 

15,000 00 
5,800 00 



Market Value. 

$1,550 00 

4,200 00 

6,300 00 

11,000 00 

9,750 00 

9,455 00 

2,625 00 

2,625 00 

3,000 00 

1,250 00 

1,350 00 

6,750 00 

3,600 00 

5,500 00 

24,200 00 

20,400 00 

7,076 00 



Summary of Assets Dec. 31, 1899. 

Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Prem's more than three mos. due, $225 70 
Gross assets, 

Liabilities. 

Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid, 
Gross liabilities, 

Net cash assets, $148,897 05 



$113,400 00 


$147,311 


00 


i, 1899. 






$28,870 65 






300 92 






147,311 00 






278 55 






17,050 17 






504 98 






361 18 


- 






$194,677 


Aft 






$45,608 39 






172 01 








45,780 


40 







Income. 

Premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 
Net cash premiums received, . 



$392 36 
111 25 

$281 11 
17,070 84 

$17,351 95 

586 88 



$16,765 07 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$16,700 00 
33,000 00 
30,100 00 



56 MUTUAL PROTECTION FIRE INSURANCE CO. 

Received for extra premiums, $126 52 

Interest received on mortgages, 1,832 23 

Interest and dividends received from all other sources, . . 5,893 50 

Gross cash income, $24,617 32 

Expenditures. 

Cash paid for losses, $1,515 94 

as profits on terminated policies, .... 13,885 02 

for salaries of officers and employees, . . . 3,638 00 

for State and local taxes, 147 51 

for rents, 500 00 

for incidentals, 558 61 

Gross cash expenditures, $20,245 08 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1898, $5,580,175 00 $87,596 59 $87,596 59 

Risks written during 1899, . 1,095,650 00 17,070 84 17,070 84 

Total, $6,675,825 00 $104,667 43 $104,667 43 

Risks terminated during 1899, . 988,450 00 15,408 43 15,408 43 

In force at end of year, . . $5,687,375 00 $89,259 00 $89,259 00 

Miscellaneous. 

Losses incurred during the year, $1,516 00 

Profits or surplus returned during 1899, 90 per cent. 



MUTUAL PROTECTION FIRE INSURANCE COMPANY, 

CHARLESTOWN. 

[Incorporated April 10, 1861. Commenced business July 16, 1864.] 
G-EO. B. NEAL, President. GEO. H. PENDERG-AST, Secretary. 

Office, Thompson Square, Charlestown. 
Amount of permanent fund, $52,639 30 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 



17 shares Monument National Bank, 
20 " National Bank of the Republic, 
31 " Charlestown Gas and Electric Co., 
10 " Somerville Electric Light Co., 
55 " Atch., Top. & Santa Fe R.R., . 
United States bonds, 



$1,700 00 $3,315 00 

2,000 00 3,340 00 

1,550 00 2,480 00 

1,000 00 1,000 00 

5,500 00 1,250 00 

10,000 00 11,000 00 



$21,750 00 $22,385 00 



MUTUAL PROTECTION FIRE INSURANCE CO. 



57 



Securities held as collateral for cash loans : — 





Market Value. 


Loaned Thereon . 


10 shares Osceola Mining Co., 


$730 00^ 




25 " Parrot Mining Co., .... 


1,050 00 




120 " Butte & Boston Mining Co., . 


6,360 00 




50 " Federal Steel Co., .... 


3,750 00 


> $10,000 00 


5 " American Bell Telephone Co., 


1,710 00 




Boston & Maine R.R. bond, .... 


1,000 00 




100 shares Central Massachusetts R.R. bonds, . 


1,000 00 J 






$15,600 00 


$10,000 00 


Summary of Assets Dec. 


31, 1899. 




Loans on mortgage of real estate (first liens *), 


$41,400 00 




Interest due or accrued thereon, 


1,072 51 




Stocks, bonds, etc., as per schedule, . 


22,385 00 




Loans on collateral security, as per schedule, . 


10,000 00 




Cash jn the office of the company, . 


363 74 




Cash deposited in bank, ..... 


18,611 40 




Interest due and accrued, 


155 00 




Premiums in course of collection (gross), 


3,058 65 




Prem's more than three mos. due, $2,147 84 






Gross assets, 




$97,046 30 




Liabilities. 






Losses adjusted, unpaid, 


$69 32 




Unearned premiums on outstanding risks, 


31,547 85 




Return premiums on cancelled policies, . 


87 31 




Profits or surplus on termin ated policies, unpaid, 


1,220 22 




Commissions and brokerage, .... 


675 67 




Reinsurance, 


176 10 




Gross liabilities, 




33,776 47 


. 


Net cash assets, ...... 


$63,269 83 


Income. 






Premiums outstanding Dec. 31, 1898, 


$5,217 04 




Same not collected, ...... 


602 75 





Net collected, 

Premiums on risks written or renewed, . 

Total 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 



$4,614 29 
23,784 55 

$28,398 84 
5,206 49 

$23,192 35 
1,353 67 



$21,838 68 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



521,200 00 
65,700 00 
57,400 00 



58 



NEWBURYPORT MUTUAL FIRE INSURANCE CO. 



Received for extra premiums, 

Interest received on mortgages, .... 
Interest and dividends received from all other sources, 
Income from all other sources, .... 



Gross cash income, 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, . 

for rents, 

for incidentals, 



Gross cash expenditures, 



|110 05 


2,171 


28 


1,640 


02 


3 


27 


$25,763 30 


$12,907 83 


5,811 


40 


3,288 


21 


2,500 


00 




32 


500 


00 




88 


$26,779 


64 



Risks and Premiums. 

Amount. Cash Prem's. Contingt Prem's. 

Risks outstanding Dec. 31, 1898, $3,365,062 00 $54,267 26 $54,267 26 



Risks written during 1899, 

Total, .... 
Risks terminated during 1899, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



1,523,886 00 23,784 bb 23,784 55 



$4,888,948 00 $78,051 81 
1,170,115 00 18,304 18 



$3,718,833 00 ?59,747 63 
53,625 00 1,036 03 



$78,051 81 
18,304 18 

$59,747 63 
1,036 03 



$3,665,208 00 $58,711 60 $58,711 60 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 20,40 and 70 per cent. 



$12,977 00 



NEWBURYPORT MUTUAL FIRE INSURANCE COMPANY, 

NEWBURYPORT. 

[Incorporated Feb. 10, 1829. Commenced business May 1, 1829.] 
WILLIAM R. JOHNSON, President. LAWRENCE W. BROWN, Secretary. 

Amount of permanent fund, f 25,4 12 08 



Detailed Statement of Stocks, Bonds, etc. 



100 shares Mer. Nat'l Bank, Newburyport, 
9 " Mech. Nat'l Bank, Newburyport, . 
31 " Ocean Nat'l Bank, Newburyport, . 
15 " Washington Nat'l Bank, Boston, . 
10 " Hide & Leather N'l Bank, Boston, . 
10 " Shoe & Leather N'l Bank, Boston, . 



Par Value. 

$2,000 00 
900 00 
1,550 00 
1,500 00 
1,000 00 
1,000 00 



Market Value. 

$2,200 00 
S 00 
1,550 00 
:.- » no 
1,150 00 
1,200 00 



NEWBURYPORT MUTUAL FIRE INSURANCE CO. 



59 



1 share Vermont Central Railroad, 

3 shares General Electric, 
10 " U. S. Rubber Co., . 
10 " Westinghouse, 
10 " Western Union, 
20 " Boston & Maine Railroad, 

6 " N. Y. Central & Hudson River R.R. 

10 " Chicago & Northwestern R.R. 
9 " St. Paul R.R., .... 

11 " Atchison, Topeka & Santa Fe R.R. 
5 " Chic. June. & Stock Yard, 

14 " Chicago, Burlington & Quincy, 
Rutland Railroad bonds, . 

Erie Tel. bonds, 

Minnesota General Electric bond, . 
New England Cotton Yarn bond, 
Vermont Central bond, .... 
Balance due on 10 shares Market National 
Bank, Boston (in liquidation), 



Par Value. 

$100 00 

300 00 
1,000 00 
1,000 00 
1,000 00 
2,000 00 

600 00 
1,000 00 

900 00 
1,100 00 

500 00 
1,400 00 
1,000 00 
3,000 00 
1,000 00 
1,000 00 
2,000 00 



Summary of Assets Dec. 31, 1899. 

Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

Cash deposited in bank, 

Gross assets, 

Liabilities. 

Unearned premiums on outstanding risks, 
Due and accrued for rent, .... 
Gross liabilities, 



Market Value. 

$8 00 

411 00 

1,010 00 

630 00 

870 00 

4,000 00 

798 00 

1,640 00 

1,552 50 

262 00 

655 00 

1,708 00 

1,060 00 

3,150 00 

1,020 00 

1,030 00 

1,800 00 

500 00 



$26,850 0O 


$31,042 50 


, 1899. 




$700 00 




19 00 




31,042 50 




12 63 




3,396 59 






$35,170 72 


$5,819 31 


25 00 






5,844 31 





Net cash assets, 



$29,326 41 



Income. 

Premiums on risks written or renewed, . . $3,038 00 

Less reinsurance and return premiums, . . 80 41 

Net cash premiums received, .... 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from policy fees, 

Gross cash income, 

* Value of lauds mortgaged, $900 00 

Value of buildings thereon, 1,400 00 

Amount of insurance held as collateral, .... 1,00000 



$2,957 


59 


38 50 


1,507 


37 


119 


55 



$4,623 01 



60 



NORFOLK MUTUAL FIRE INSURANCE CO. 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, . 

for rents, 

for incidentals, 

Gross cash expenditures, .... 



Risks and Premiums. 



Risks outstanding Dec. 31, 1898, 
Risks written during 1899, 

Total, . 

Risks terminated during 1899, . 

In force at end of year, . 



Amount. 

$732,715 00 
202,155 00 

$934,870 00 
197,655 00 



Cash Prem's. 

$9,882 91 
3,038 00 

frl2,920 91 
2,588 49 



$1,717 


16 


2,471 


28 


560 


00 


19 


61 


150 00 


143 


16 



$5,061 21 



Conting't Prems. 

$33,413 28 
12,242 00 

$45,655 28 
4,327 60 



$737,215 00 $10,332 42 $41,327 68 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1899, 100 per cent. 



$1,717 00 



NORFOLK MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

[Incorporated Feb. 12, 1825. Commenced business July 1, 1825.] 
J. WHITE BELCHER, President. JAMES Y. NOYES, Secretary. 

Amount of permanent fund, $334,201 14 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Atchison, Topeka & Santa Fe R.R. stock, . $31,340 00 $14,104 00 

Dedham Water Company stock, . . . 5,000 00 5,000 00 

Union Pacific R.R. stock, 6,000 00 4,230 00 

Old Colony R.R. stock, 10,000 00 20,000 00 

Boston & Lowell R.R. stock, .... 7,500 00 17,925 00 

Boston & Albany R.R. stock 12,500 00 30,000 00 

Boston & Providence R.R. stock, . . . 2,000 00 5,800 00 

Chicago, Burlington & Quincy R.R. stock, . 10,000 00 12,000 00 

Lombard Liquidation stock, .... 130 00 130 00 

Boston & Maine R.R. bonds, .... 25,000 00 29,650 00 

Boston & Providence Railroad bonds, . . 20,000 00 21,600 00 

Boston & Lowell R.R. bonds, .... 20,000 00 21,700 00 

Cincinnati city bonds, 25,000 00 26,250 00 

Boston city bonds, 10,000 00 11,200 00 

Newton city bonds, 15,000 00 16,931 25 

Taunton city bonds, 10,000 00 11,205 00 

Chelsea city bonds, 5,000 00 5,962 50 



NORFOLK MUTUAL FIRE INSURANCE CO. 



61 



Concord & Montreal R.R. bonds, 

Fitchburg R.R. bonds, .... 

Newport & Richford R'y Co. bonds, 

N. Y., New Haven & Hart. R.R. bonds, . 

Conn. & Passumpsic Rivers R.R. bonds, . 

Dexter & Newport R.R. bonds, 

Norwich & Worcester R.R. bonds, . 

Fremont, Elkhorn & Mo. Valley R.R. bonds, 

Grand Avenue R'y, Kansas City, bonds, . 

Consolidated Street Railway Co. bonds, . 

Minneapolis Gas Light Co. bonds, . 

Maine Central Railroad bonds, 

Oregon Short Line Railroad bonds, 

Kan. City, St. J. & Council Bluffs R.R. bonds 

N. H. Trust Company bonds, . 

Western Security Company bonds, . 

N. E. Mortgage Security Co. bonds, 

Lombard Investment Company bonds, . 

Portland & Rumford Falls R.R. bonds, . 

Lynn city bonds, 

Salem city bonds, ..... 
Randolph town notes, .... 
North Andover town bonds, 
Atchison, Topeka & Santa Fe R.R. bonds, 
Philadelphia & Reading R.R. bonds, 
Old Colony R.R. bonds, .... 
Union Pacific Railway bonds, . ... 



Par Value. 

$10,000 00 

10,000 00 

10,000 00 

5,000 00 

5,000 00 

6,000 00 

20,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

15,000 00 

10,000 00 

9,000 00 

7,000 00 

5,000 00 

5,000 00 

950 00 

10,000 00 

10,000 00 

5,000 00 

9,300 00 

5,000 00 

34,500 00 

8,000 00 

25,000 00 

4,500 00 



Market Value. 

$10,800 00 

10,962 50 

10,900 00 

5,775 00 

5,650 00 

6,210 00 

22,050 00 

6,750 00 

4,800 00 

5,250 00 

5,000 00 

16,600 00 

12,300 00 

10,620 00 

4,000 00 

1,500 00 

3,600 00 

380 00 

10,400 00 

11,000 00 

5,250 00 

9,300 00 

5,631 25 

31,065 00 

10,160 00 

26,950 00 

4,050 00 



$463,720 00 $510,641 50 



Summary of Assets Dec. 31, 1899. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, and banks, 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Prem's more than three mos. due, . $31 50 
Gross assets, , 



$12,000 00 

37,913 72 

923 85 

510,641 50 

9,982 98 

6,953 98 

6,736 26 

575 00 



$585,727 29 



Liabilities. 

Unearned premiums on outstanding risks, . $175,402 72 

Return premiums on cancelled policies, . . 489 35 

Profits or surplus on terminated policies, unpaid, 5,801 49 

Commissions and brokerage, .... 1,015 16 

Gross liabilities, 

Net cash assets, . 



182,708 72 
$403,018 57 



62 



PAPER MILL MUTUAL INSURANCE CO. 



Income. 

Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, . 



Gross cash income, 



$6,389 57 
82,798 95 

$89,188 52 
6,767 76 

$82,420 76 
1,095 23 



sources, . 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for expenses on real estate, 

for incidentals, 



Gross cash expenditures, .... 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1898, $22,797,714 00 
Risks written during 1899, . 5,696,339 00 



Total, $28,494,053 00 

Risks terminated during 1899, . 5,207,434 00 



Cash Prem's. 

$328,553 73 
82,798 95 

$411,352 68 
77,296 39 



In force at end of year, . .$ 23,286,6 19 00 $334,056 29 

Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 25, 50 and 70 per cent. 



$81,325 53 

2,113 69 

21,371 69 

575 00 

$105,385 91 



$31,217 98 

47,326 75 

11,521 63 

6,957 02 

1,172 43 

408 80 

2,662 71 

$101,267 32 



Conting't Prem's. 

$328,553 73 
82,798 95 

$411,352 68 
77,296 39 

$334,056 29 



$31,218 00 



PAPER MILL MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated November, 1886. Commenced buaineaa April 1, 1887.] 
R. W. TOPPAN, President. D. W. LANE, Secretary. 

Office, 31 Milk Street. 
Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Portland & OgdensburgR.R. bonds, . . $5,000 00 $5,400 00 

N. Y. Cent. & Hudson River R.R. bonds, . . 5,000 00 4,800 00 



PAPER MILL MUTUAL INSURANCE CO. 



63 



Cincin., Sandusky & Cleveland R.R. bonds, 
Maine Central R.R. bonds, 
Pennsylvania R.R. bonds, . 
Newton water bonds, 
Boston & Albany R.R. bonds, 
Boston & Maine R.R. bonds, 
Boston & Lowell R.R. bonds, 
American Bell Telephone bonds, 



Summary of Assets Dec 

Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



Par Value. 

$5,000 00 
5,000 00 
5,000 00 
5,000 00 

10,000 00 
5,000 00 
5,000 00 
5,000 00 



Market Value. 

$5,750 00 
5,850 00 
6,250 00 
5,650 00 

10,800 00 
6,400 00 
5,450 00 
5,000 00 



355,000 00 $61,350 00 

31, 1899. 

$61,350 00 

48 85 

18,485 61 

525 00 

729 33 

$81,138 79 



Liabilities. 

Losses reported, 

Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, 



Net cash assets, 



$2,775 00 

33,126 27 

137 94 



36,039 21 
$45,099 58 



Income. 

Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Interest and dividends received from all sources, 



$273 89 
71,699 20 

$71,973 09 
729 33 

$71,243 76 
4,154 21 



$67,089 55 
2,807 72 



Gross cash income, $69,897 27 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for inspections and incidentals, 

Gross cash expenditures, . • . • . 



$1,654 86 

54,353 10 

3,310 00 

650 56 

240 00 

1,413 77 

$61,622 29 



64 



QUINCY MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1898, $7,344,910 00 
Risks written during 1899, . 9,281,77100 



Total, $16,626,681 00 

Risks terminated during 1899, . 8,155,150 00 



Cash l'rem's. Conting't Prem's. 

$57,899 01 $289,495 05 
71,699 20 358,496 00 



$129,598 21 $647,991 05 
63,345 67 316,728 35 



In force at end of year, 



1,471,531 00 $66,252 54 $331,262 70 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1899, 92 per cent. 



$4,422 00 



QUINCY MUTUAL FIRE INSURANCE COMPANY, QUINCY. 

[Incorporated March 22, 1851. Commenced business May, 1851.] 
CHARLES A. HOWLAND, President. WM. H. FAY. Secretary. 

Amount of permanent fund, $350,000 00 



Detailed Statement of Stocks, Bonds, etc. 

Par Valae. 

88 shares Rockland National Bank, Boston, . £8,800 00 

277 " Third National Bank, Boston, . 27,700 00 

70 " Second National Bank, Boston, . 7,000 00 

50 " First National Bank, Boston, . . 5,000 00 

40 " Merchants' National Bank, Boston, 4,000 00 

35 " State National Bank, Boston, . . 3,500 00 

66 " Washington National Bank, Boston, 6,600 00 

250 " Colonial Nat'l Bank, Boston, . . 25,000 00 

75 " Redemption Nat'l Bank, Boston, . 7,500 00 

292 " Mt. Wollaston Nat 1 ! Bank, Quincy,. 29,200 00 

44 " Granite National Bank, Quincy, . 4,400 00 

50 " Wachusett Nat'l Bank, Fitchburg, . 5,000 00 

40 " Hingham Nat'l Bank, Hingham, . 4,000 00 

48 " First Nat'l Bank, South Weymouth, 4,800 00 

38 " Union Nat'l Bank, Weymouth, . 3,800 00 

10 " Quinsigamond N'l B'k, Worcester, . 1,000 00 

50 " Brockton National Bank, Brockton, 5,000 00 

29 " Plymouth Nat'l Bank, Plymouth, . 2,900 00 

25 " First Nat'l Bank, West Newton, . 2,500 00 



Market Value. 

$10,912 00 

27,700 00 

12,250 00 

9,500 00 

6,800 00 

4,025 00 

7,986 00 

38,250 00 

9,150 00 

36,500 00 

6,600 00 

10,000 00 

4,000 00 

5,280 00 

3,800 00 

1,400 00 

6,500 00 

3,190 00 

2,500 00 

3,000 00 

500 00 

460 00 



QUINCY MUTUAL FIRE INSURANCE CO. 



65 



Balance on 25 shares Market Nat'l B'k, Boston, 
in liquidation, 

Balance on 100 shares North N'l B'k, Boston, 
in liquidation, 

Balance on 25 shares Revere N'l B'k, Boston, 
in liquidation, 

215 shares Chicago, Burl. & Quincy R.R., 

100 " Boston & Lowell R.R., . 
11 " Old Colony R.R., 

107 " Hingham Cordage Co., . 

178 " Lawrence Duck Co., 
50 " State St. Safe Deposit & Trust Co., 

Chicago, Burlington & Quincy R.R. bonds, 

Decatur Water Works Co. bonds and stock, . 



Securities held as collateral for cash loans : — 



750 shares American Woolen Co., . 
300 " N. E. Dressed Meat & Wool Co., 
Duluth (Minn.) bonds, .... 
Hudson Water Power Co. bonds, 
Detroit, Ft. W x ayne & Belle Isle St. R'y bonds 
100 shares North Packing & Provision Co., 
144 " National Granite Bank, Quincy, 
15 " Minnehaha Trust Co., 
30 " Sioux Falls National Bank, . 
Corp'n notes secured by warehouse receipts, 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
All other cash loans, . 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Rents due and accrued, 
Gross assets, 



Par Value. 


Market Value. 


- 


$300 00 


- 


500 00 


_ 


250 00 


$21,500 00 


25,800 00 


10,000 00 


24,200 00 


1,100 00 


2,255 00 


10,700 00 


2,500 00 


17,800 00 


17,800 00 


5,000 00 


5,000 00 


10,000 00 


11,000 00 


14,300 00 


3,250 00 



$248,100 00 8303,158 00 



Market Value. 

$47,250 00 
45,000 00 

3,540 00 
15,150 00 

9,180 00 
10,000 00 
21,600 00 

1,500 00 

3,000 00 
50,000 00 



} 



Loaned Thereon. 

$35,000 00 
25,000 00 

25,000 00 

7,500 00 
17,700 00 

2,500 00 
35,000 00 



$206,220 00 $147,700 00 


31, 1899. 


$19,800 00 


75,400 00 


3,068 33 


303,158 00 


147,700 00 


44,000 00 


420 00 


42,472 36 


2,200 20 


7,140 63 


200 00 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$91,000 00 

111,500 00 

95,700 00 



66 



QUINCY MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid, 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 
Gross liabilities, . . 



Net cash assets, 



Income 



Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, 



Total, r 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 



Gross cash income, 



1249,340 68 

4,000 00 

150 00 

300 00 

1,071 09 



$6,925 71 
142,957 94 

$149,883 65 
7,140 63 

1142,743 02 
2,935 20 



sources, 



6254,861 77 
$390,697 75 



$139,807 82 

781 24 

3,589 63 

20,707 00 

847 43 

$165,733 12 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



Gross cash expenditures, 



$60,087 95 

65,563 99 

21,802 45 

13,833 36 

2,985 32 

6,381 08 

$170,654 15 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1898, $34,042,165 00 
Risks written during 1899, . 9,425,773 00 



Total $43*467,938 00 

Risks terminated during 1899, . 9;555,270 00 



Cash Prem's. 

$505,549 80 
142,957 94 

$648,507 74 
147,306 09 



Conting"t Prem's. 

$505,549 80 
142,957 94 

$648,507 74 
147,306 09 



In force at end of year, 



. $33,912,668 00 $501,201 65 $501,201 65 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 20, 40 and 60 per cent. 



$60,088 00 



RUBBER MANUFACTURERS MUTUAL INSURANCE CO. 



67 



RUBBER MANUFACTURERS' MUTUAL INSURANCE COMPANY, 

BOSTON. 

[Incorporated Nov. 4, 1884. Commenced business Jan. 15, 1885.] 
E. S. CONVERSE, President. B. F. TAFT, Secretary. 

Office, 31 Milk Street. 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Fitchburg R.R. bonds, $25,000 00 $27,950 00 

Boston & Lowell R.R. bonds, .... 30,000 00 31,000 00 

Maine Central R.R. bonds, .... 26,000 00 27,460 00 

Lynn & Boston R.R. bonds, .... 1,000 00 1,000 00 

East Middlesex St. R'y bonds, .... 7,000 00 7,105 00 

Bangor & Aroostook R.R. bonds, '. . . • 10,000 00 11,250 00 

West End Street R.R. bonds, .... 18,000 00 18,990 00 

N. Y., N. H. & Hartford R.R. bonds, . '. 2,000 00 2,320 00 

Watertown town bonds, . . . . 3,000 00 3,135 00 

Taunton city bonds, ,. 5,000 00 5,500 00 

Boston Consolidated Street R.R. bonds, . . 12,000 00 12,720 00 

Cambridge Street R.R. bonds, . . . . 1,000 00 1,030 00 

General Electric Company bonds, . . . 1,000 00 1,140 00 

New York Cent. & Hudson River R.R. bonds, 15,000 00 14,400 00 

Chicago Terminal Transfer R.R. bonds, . . 20,000 00 18,800 00 

N. E. Telephone & Telegraph Co. bonds, . 10,000 00 11,600 00 

American Bell Telephone Co. bonds, . . 15,000 00 15,000 00 

American Cotton Yarn Co. bonds, . . . 9,000 00 9,270 00 

St. Louis Merchants Bridge Term. R.R. bonds, 25,000 00 28,000 00 

American Writing Paper Co. bonds, . . 10,000 00 8,500 00 

30 shares General Electric Co ' 3,000 00 4,140 00 

Corporation notes, . . . . . . 31,200 00 31,200 00 



Summary of Assets Dec 

Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, 



$279,200 00 $291,510 00 

31, 1899. 

$291,510 00 

156 02 

31,300 62 

4,218 73 

5,639 33 

$332,824 70 



$132,080 44 
626 00 
. 132,706 44 



Net cash assets, $200,118 26 



68 



SALEM MUTUAL FIRE INSURANCE CO. 



Income. 

Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Interest and dividends received from all sources, 



$3,298 20 
301,458 68 

$304,756 88 
5,639 33 



Gross cash income, 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, 

for joint office expenses, . 

for incidentals, ..... 

for inspection, 



Gross cash expenditures, 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 81, 1898, $28,898,695 00 $253,428 66 
Risks written during 1899, . 35,293,150 00 301,458 68 



Total $64,191,845 00 $554,887 34 

Risks terminated during 1899, . 32,040,175 00 290,726 46 



$299,117 55 
11,645 77 

$310,763 32 



$21,532 23 
207,370 40 
5,770 00 
3,790 92 
9,680 14 
573 94 
9,096 24 

$257,813 87 



Conting't Prem's. 

$1,267,143 30 

1,507,293 40 

$2,774,436 70 
1,453,632 30 



In force at end of year, 



. $32,151,670 00 $264,160 88 $1,320,804 40 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1899, 75 per cent. 



$21,429 00 



SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated April 17, 1838. Commenced business May 1, 1838.] 
HOWARD S. PORTER, President. BENJAMIN L. FABENS, Secretary. 

Amount of permanent fund, $52,580 66 



Detailed Statement of Stocks, Bonds, etc. 



Boston & Lowell Railroad bonds, 
Boston & Maine Railroad bonds, 
Boston & Albany Railroad bonds, 
Haverhill city bonds, 
Springfield (Mass.) city bonds, 



Par Value. 

$3,000 00 
1,000 00 
1,000 00 
3,000 00 
1,000 00 



Market Value. 

$3,357 50 
1,145 00 
1,080 00 
3,000 00 
1,105 00 



SALEM MUTUAL FIRE INSURANCE CO. 



69 



Springfield (Ohio) city bonds, 
Toledo (Ohio) city bonds, - 
Cincinnati city bonds, 
Chicago city bonds, . 
Woburn city bonds, . 
Brockton city bonds, 
Peabody town bonds, 
New Britain (Conn.) city bonds, 
Stoneham town bonds, 
Cleveland city bonds 
Cook County bonds, 
Ware town bonds, 
Medford city bonds, 
Salem city bonds, 
Lynn city bonds, 
Middleton town bonds, 
Meriden (Conn.) city bonds, 
Somerville (Mass.) city bonds, 
Old Colony Railroad bonds, 
Fitchburg Railroad bonds, 
Quincy (111 ) city bonds, . 
Cranston (R. I.) town bonds, 
Columbus (Ohio) city bonds, 
Waltham (Mass.) city bonds, 
Massachusetts State bonds, 
Boston city bonds, 
Wilkesbarre (Pa.) city bonds, 
Fall River city bonds, 
Marlborough city bonds, . 
Chelsea city bonds, . 
9 shares Boston & Maine R.R 
15 " Salem Gas Light Co., 



Par Value. 

$550 00 
2,000 00 
1,000 00 
3,000 00 
2,000 00 
1,000 00 
1,000 00 
4,000 00 
2,000 00 
3,000 00 
2,000 00 
1,000 00 
1,000 00 
4,550 00 
2,000 00 

500 00 
2,000 00 
2,000 00 
2,000 00 
2,000 00 
2,000 00 
1,000 00 
3,000 00 
1,000 00 
3,000 00 
1,000 00 
1,000 00 
4,000 00 
1,000 00 
2,000 00 

900 00 
1,500 00 



Summary of Assets Dec. 31, 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, . ■ 
Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Prem's more than three mos. due, . $ 1 40 
Gross assets, 



Market Value. 

$573 25 

2,200 00 
1,135 00 
3,285 00 
2,030 00 
1,025 00 
1,025 00 
4,365 00 
2,070 00 
3,090 00 
2,030 00 
1,020 00 
1,095 00 
4,705 75 
2,110 00 
505 00 
2,020 00 
2,120 00 
2,155 00 
2,230 00 
2,170 00 
1,095 00 
3,160 00 
1,055 00 
3,250 00 
1,060 00 
1,025 00 
4,240 00 
1,075 00 
2,140 00 
1,594 00 
1,635 00 



$69,000 00 $73,975 50 

1899. 

$7,200 00 

2,200 00 

20 00 

73,975 50 

1,006 06 

834 14 

854 55 

2,328 97 



,419 22 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



51,600 00 
1,800 00 
2,000 00 



70 



SALEM MUTUAL FIRE INSURANCE CO. 



Liabilities. 
Losses^adj usted, unpaid, 

Unearned premiums on outstanding risks, , 

Return premiums on cancelled policies, . 

Profits or surplus on terminated policies, unpaid, 

State taxes, , 

Commissions and brokerage, . . . . 

Gross liabilities/ 



Net cash assets, 



Lncome. 
Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 

Total, ....... 

Premiums now in course of collection, . 



Entire'premiums collected, .... $32,197 74 

Less reinsurance and return premiums, . . 935 14 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, . . 

Interest and dividends received from all other sources, 

Income from rents, 



$113 97 




40,809 40 




42 38 




762 93 




58 80 




395 69 






£42,183 17 






$46,236 05 


$2,951 72 




31,576 39 





$34,528 11 
2,330 37 



§31,262 60 

72 50 

130 50 

2,954 43 

558 77 



Gross cash income, 



Expenditures. 
Cash paid for losses, 

Deduct salvage, 

Net cash paid for losses, 

Cash paid as profits on terminated policies, . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, .... 

for repairs on real estate, 

for incidentals, . 

Gross cash expenditures, . 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1898, $4,301,026 00 





$34,978 80 


$14,913 97 




211 08 






$14,702 89 






8,192 82 




5,431 09 




2,942 00 




515 37 




450 00 




209 63 




1,903 20 



Risks written during 1899, 

Total, .... 
Risks terminated during 1899, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



2,016,117 00 

$6,317,143 00 
1,601,100 00 

$4,716,043 00 
37,567 00 



Cash Prem's. 

$74,482 22 
31,576 39 

$106,058 61 
26,441 16 

$79,617 45 
542 33 



$34,347 00 



Conting't Prem's. 

$74,482 22 
31,576 39 

$106,058 61 
26,441 16 

$79,617 45 
542 33 



$4,678,476 00 $79,075 12 $79,075 12 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE CO. 71 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 20, 40 and 60 per cent. 



$15,026 00 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE 
COMPANY, AMESBURY. 

[Incorporated May 18, 1855. Commenced business June 15, 1855.] 

GEORGE F. BAGLEY, President. CHARLES L. ALLEN, Secretary. 

[Note. — Ten per cent, of the premium notes are received in cash at the time of issuing the 
policy. The notes are assessed as necessity requires. No cash funds are accumulated.] 



Summary of Assets Dec. 31, 1899. 

Cash in the office of the company, . . . $55 41 

Cash deposited in bank, 14 60 

Office safe, . . . . . $ 100 00 

Gross assets, 



$70 01 



Income. 

Interest and dividends received from all sources, 
Assessments on deposit notes, .... 



Gross cash income, 



$0 56 
347 33 



$347 89 



Expenditures. 

Cash paid for losses, 

for salaries of officers and employees, 
for State and local taxes, 
for interest on borrowed money, 
for incidentals, 

Borrowed money repaid, 

Gross cash expenditures, .... 



$100 00 



$25 40 


150 00 


3 35 


1 52 


24 00 



$204 27 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1898, $212,874 00 $1,810 58 $18,105 80 

Risks written during 1899, . 38,550 00 380 75 3,807 50 



In force at end of year, . 



$207,374 00 



Total, $251,424 00 $2,191 33 $21,913 30 

Risks terminated during 1899, . 44,050 00 364 05 3,640 50 



,827 28 $18,272 80 



Miscellaneous. 
Losses incurred during the year, 



$25 00 



72 



SAUGUS MUTUAL FIRE INSURANCE CO. 



SAUGUS MUTUAL FIRE INSURANCE COMPANY, SAUGUS. 

[Incorporated Feb. 24, 1852. Commenced business April 1, 1852.] 

HERBERT B. NEWHALL, President. WILBUR F. NEWHALL, Secretary, 

[Note. — This company insures nothing but dwellings, farm buildings and their contents, in 
Lynn, Saugus, Lynnfield, Swarapscott and Nahant. No cash premiums are taken, but assess- 
ments are made on deposit notes to pay losses and expenses. All policies are issued for a term 
of three years.] 



Summary of Assets Dec 
Cash in the office of the company, . 
Cash deposited in bank, .... 

Unpaid assessments, 

Gross assets, 



31, 1899. 



$11 86 

1,010 06 

250 00 



81,271 92 



Liabilities. 



Due for borrowed money, 



Income. 

Interest and dividends received from all sources, . 

Income from policy fees, 

Assessments on deposit notes, 

Borrowed money, $1,500 00 



Gross cash income, 



81,500 00 



$3 83 

518 00 
3,112 50 



$3,631 33 



Expenditures. 

Cash paid for losses, 

for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



Risks outstanding Dec. 31, 1898, 
Risks written during 1899, 



Total, 

Risks terminated during 1899, . 

In force at end of year, 



Amount. 

. $2,865,575 00 
976,025 00 



$3,841,600 00 
1,001,325 00 



$2,790 54 


1,420 00 


29 98 


150 00 


224 98 



$4,615 50 



Conting't Prem's. 

$357,944 00 
121,802 00 

$479,746 00 
125,300 00 



. $2,840,275 00 $354,446 00 



Miscellaneous. 

Losses incurred during the year, $2,791 00 

Assessments laid on deposit notes or contingent premiums, . 3,085 00 



SOUTH DAN VERS MUTUAL FIRE INSURANCE CO. 



73 



SOUTH DAN VERS MUTUAL FIRE INSURANCE COMPANY, 

PEABODY. 

[Incorporated June 12, 1829. Commenced business Aug. 1, 1829.] 
WILLIAM P. CLARK, President. GEORGE M. FOSTER, Secretary. 



Amount of permanent fund Dec. 31, 1898, 
Decrease during the year, .... 

Permanent fund Dec. 31, 1899, .... 

Detailed Statement of Stocks, 



$49,034 91 
1,161 04 

$47,873 87 



111 shares South Danvers Nat'l Bank, Peabody, 
48 " Warren National Bank, Peabody, 
51 " Asiatic National Bank, Salem, 
20 " Naumkeag National Bank, Salem, 
12 " First National Bank, Salem, . 
34 " First National Bank, Danvers, 
30 " Hide & Leather Nat'l B'k, Boston, 
4 " Andover National Bank, Andover, 

1 " Cape Ann Nat'l Bank, Gloucester, 
20 " Naumkeag Steam Cotton Co., 

20 " Androscoggin Mills, 

2 " Nashua Manufacturing Co., . 
Balance due on 18 shares N'l Exch. B'k, Salem 

(in liquidation), 
Cincinnati city bonds, 
Providence city bonds, 
Pittsfield city bonds, . 
Boston & Maine R.R. bonds, 
Eastern R.R. bonds, . 



Summary of Assets Dec 

Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Gross assets, 

Liabilities. 
Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid, 
Due and accrued for rent, salaries, etc., . 

Gross liabilities, 



Bonds, etc. 

Par Value. 

$11,100 00 
4,800 00 
1,530 00 
2,000 00 
1,200 00 
2,550 00 
3,000 00 
400 00 
100 00 
2,000 00 
2,000 00 
1,000 00 



Market Value. 

$12,543 00 
5,760 00 
1,453 50 
2,515 00 
1,008 00 
2,448 00 
3,450 00 
440 00 
140 00 
1,360 00 
2,505 00 
1,330 00 

900 00 
2,170 00 
7,875 00 
2,002 50 
3,390 00 
2,280 00 

$47,680 00 $53,570 00 

31, 1899. 

$53,570 00 

494 00 
8,548 95 

309 66 
$62,922 61 



2,000 00 
7,000 00 
2,000 00 
3,000 00 
2,000 00 



$13,450 49 

1,020 75 

577 50 



15,048 74 



Net cash assets, . . . $47,873 87 



74 traders' and mechanics' mutual FIRE INSURANCE CO. 



Income. 

Premiums on risks written or renewed, . 
Less reinsurance and return premiums, . 
Net cash premiums received, .... 
Interest and dividends received from all sources, 
Income from policy fees, 



85,653 38 
220 20 



Gross cash income, 



$5,433 18 

2,548 20 

173 00 

$8,154 38 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



Gross cash expenditures, 



$757 94 


5,089 58 


2,266 00 


51 75 


143 85 



|8,309 12 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1898, $1,163,488 00 
Risks written during 1899, 



Total 

Risks terminated during 1899, 

In force at end of year, 



263,175 00 

$1,426,663 00 
245,725 00 



Cash Prem's. Conting't Prem's. 

$24,845 70 $74,537 10 
5,653 38 16,960 14 



$30,499 08 $91,497 24 
5,279 38 15,838 14 



$1,180,938 00 $25,219 70 $75,659 10 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1899, 100 per cent. 



$758 00 



TRADERS' AND MECHANICS' MUTUAL FIRE INSURANCE 

COMPANY, LOTTELL. 

[Incorporated June, 1848. Commenced business June, 1848.] 
LEVI SPRAGUE, President. EDWARD M. TUCKE, Secretary. 



Amount of permanent fund, 



$410,098 69 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

20 shares Androscoggin Mills, . . . $2,000 00 $2,500 00 

4 " Boott Cotton Mills, .... 4,000 00 3,080 00 

2 " Hamilton Manufacturing Co., . 2,000 00 1,710 00 

50 " Lawrence Gas Company, . . 5,000 00 6,500 00 

300 " Lowell Gas Company, . . . 30,000 00 84,000 00 



traders' and mechanics' mutual FIRE INSURANCE CO. 75 



5 shares Lowell Manufacturing Company, 
114 " Massachusetts Cotton Mills, . 

10 " Merrimack Manufacturing Co., 

15 " Middlesex Mills, 

50 " Tremont & Suffolk Mills, 
100 " Old Lowell National Bank, . 

25 " Vermont & Mass. Railroad, . 
Andover town bonds, .... 

Boston city bonds, 

Boston & Maine R.R. bonds, 

Fitchburg city bonds, .... 

Fitchburg Railroad bonds, 

Lowell & Suburban Street Railway bonds, 

Maiden sewer bonds, .... 

Marlborough water loan bonds, 

Boston United Gas Co. bonds, . 

Holyoke city bonds, 

Quincy (111.) city bonds, .... 

New England R.R. bonds, 

Maine Central R.R. bonds, 

St. Johnsbury & Lake Champlain R.R. bonds 

Chicago Sanitary bonds, . 

Swift & Co. bonds, 

Marblehead water bonds, .... 
Ogdensburg & Lake Champlain R.R. bonds, 
Rutland Canadian R.R. bonds, . 



Par Value. 

$3,450 00 
11,400 00 
10,000 00 

1,500 00 

5,000 00 
10,000 00 

2,500 00 
15,000 00 
20,000 00 
20,000 00 
10,000 00 
15,000 00 
25,000 00 
10,000 00 
10,000 00 
20,000 00 
15,000 00 
12,000 00 
10,000 00 
20,000 00 
20,000 00 
20,000 00 

5,000 00 
10,000 00 
20,000 00 
20,000 00 



Market Value. 

$3,012 50 
12,254 00 
11,700 00 

1,755 00 

6,700 00 
12,000 00 

4,250 00 
17,175 00 
22,300 00 
26,000 00 
11,500 00 
16,987 50 
26,500 00 
11,500 00 
11,425 00 
16,000 00 
17,362 50 
13,230 00 
13,850 00 
21,250 00 
26,900 00 
22,450 00 

5,275 00 
11,300 00 
20,700 00 
20,100 00 



Securities held as collateral for cash loans : — 

35 shares Criterion Knitting Co., 

90 " Lowell & Suburban Street Railway, 

50 " American Bolt Co., .... 

12 " N. E. Tel. & Tel. Co., 

50 " Michigan Tel. Co., .... 



$383,850 00 $481,266 50 



Market Value. Loaned Thereon. 



$5,250 00 

15,300 00 

2,500 00 

1,560 00 

4,750 00 



$5,000 00 

14,000 00 

1,000 00 
2,481 25 



$29,360 00 $22,481 25 



Summary of Assets Dec 

Loans on mortgage of real estate (first liens), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 

All other cash loans, 

Cash deposited in bank, .... 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Gross assets, 



31, 1899. 

$149,465 60 

3,944 30 

481,266 50 

22,481 25 

34,583 50 

10,398 40 

2,031 25 

11,597 16 



$715,767 96 



76 traders' and mechanics' mutual FIRE INSURANCE CO. 



Liabilities. 

Unearned premiums on outstanding risks, . §332,060 22 
Profits or surplus on terminated policies, unpaid, 3,763 21 

Commissions and brokerage, .... 1,257 33 

Gross liabilities, $ 337,080 76 



Net cash assets, . $378,687 20 



Income. 

Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 



$13,863 27 
180,214 06 

$194,077 33 
11,597 16 

£182,480 17 
7,718 84 



$174,761 33 

858 36 

6,964 14 

24,040 35 



Gross cash income, $206,624 18 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 



Gross cash expenditures, . 



$80,466 77 

87,655 09 

26,461 93 

20,195 00 

2,315 47 

1,600 00 

$218,694 26 



Risks axd Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1898, $44,751,140 00 $689,132 11 $689,132 11 

Risks written during 1899, . 11,866,755 00 180,214 06 180,214 06 



Total, $56,617,895 00 $869,346 17 $869,346 17 

Risks terminated during 1899, . 12,330,683 00 195,924 88 195,924 88 



In force at end of year, . . $44,287,212 00 $673,421 29 $673,421 29 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1899, 20, 40 and 70 per cent. 



$80,467 00 



WESTERN MASSACHUSETTS MUTUAL FIRE INSURANCE CO. 77 



WESTERN MASSACHUSETTS MUTUAL FIRE INSURANCE 
COMPANY, SPRINGFIELD. 

[Incorporated Jan. 18, 1894. Commenced business Feb. 15, 1894.] 

ELI8HA MORGAN, President. CHAS. E. STICKNEY, Secretary. 



Summary of Assets Dec. 31, 1899. 

Cash in the office of the company, . . . $671 28 

Cash in hands of collecting agents, . 
Due on account of assessments, $51,371 73 
Gross assets, 



119 95 



$791 23 



Liabilities. 

Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Gross liabilities, 

Balance against the company, . 



. . $1 25 




3,189 19 




6,865 15 




2 82 






$10,058 41 





>,267 18 



Income. 

Premiums on risks written or renewed, . 
Received from assessments, 



Gross cash income, 



$2 50 
1,408 20 

$1,410 70 



Expenditures. 
Cash paid for State and local taxes, . 

for expense assessment returned, . 
for incidentals, . 



Gross cash expenditures, 



$18 35 
936 32 
457 41 



$1,412 08 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1898, $500 00 $2 50 $7 50 

Risks written during 1899, . 500 00 2 50 7 50 



Total, $1,000 00 $5 00 $15 00 

Risks terminated during 1899, . 500 00 2 50 7 50 



In force at end of year, 



$500 00 



$2 50 



$7 50 



78 



WEST NEWBURY MUTUAL FIRE INSURANCE CO. 



WEST NEWBURY MUTUAL FIRE INSURANCE COMPANY, WEST 

NEWBURY. 

[Incorporated March, 1828. Commenced business April, 1828.] 

CHAS. W. ORDWAY, President. HENRY T. BAILEY, Secretary. 

[Note. — This company charges no cash premiums, but relies upon assessments on deposit 
notes to pay losses and expenses.] 

Summary of Assets Dec. 31, 1899. 
Cash deposited in bank, . 
Unpaid assessments, 
Office furniture, 
Gross assets, 



Losses adjusted, unpaid, . 
Due for borrowed money, 
Commissions and brokerage, 
Gross liabilities, 



Income from policy fees, . 
Assessments on deposit notes, 



. $100 00 


$1,238 32 
1,718 82 


$2,957 14 

f3,587 01 

$106 50 
6,571 82 


Liabilities. 


$6 50 

3,300 00 

280 51 


Income. 


• 



Gross cash income, 



$6,678 32 



Expenditures. 

Cash paid for losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for rents, 

for interest on borrowed money, 
for incidentals, 



Gross cash expenditures, .... 

Risks and Premiums. 



$4,070 00 


324 06 


521 


57 


43 


74 


17 50 


308 


92 


109 


57 



$5,395 36 



Risks outstanding Dec. 31, 1898, 
Risks written during 1899, 

Total, 

Risks terminated during 1899, . 

In force at end of year, 



Miscellaneous. 

Losses incurred during the year, $2,063 00 

Assessments laid on deposit notes or contingent premiums, . 7,409 00 



Amount. Conting't Prem's. 

$2,477,518 00 $146,941 64 
403,743 00 26,241 28 



$2,881,261 00 $173,182 92 
770,185 00 45,818 15 



$2,111,076 00 $127,364 77 



WHITING MUTUAL INSURANCE CO. 



79 



WHITING MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated Nov. 9, 1898. Commenced business Jan. 1, 1899.] 
CHARLES E. STEVEN8, President. BENJAMIN TAFT, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



Chicago Terminal Transfer R.R. bonds, . 
American Bell Telephone Co. bonds, 



Par Value. 

$5,000 00 
5,000 00 



Market Value. 

$4,700 00 
5,000 00 



$10,000 00 $9,700 00 



Summary of Assets Dec. 31, 1899. 



Stocks, bonds, etc., as per schedule, 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, .... 



$9,700 00 

5,306 55 

200 00 

1,279 99 



$13,392 08 
322 33 



$16,486 54 



Net cash assets, 



13,714 41 
$2,772 13 



Income. 

Premiums on risks written or renewed, . 
Premiums now in course of collection, . 
Entire premiums collected, .... 
Interest and dividends received from all sources, 



$19,249 10 
1,279 99 



$17,969 11 
131 93 



Gross cash income, $18,101 04 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 
for salaries of officers and employees, 
for State and local taxes, 
for organization expenses, 

Gross cash expenditures, .... 



$1,283 33 
292 45 
300 00 
159 90 

683 81 

$2,719 49 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks written during 1899, '. $2,081.012 00 $19,249 10 $38,498 20 

Risks terminated during 1899, . 302,079 00 3,278 63 6,557 26 



In force at end of year, 



[,778,933 00 $15,970 47 $31,940 94 



80 WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO. 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1899, 75 per cent. 



$ 1,283 00 



WORCESTER MANUFACTURERS' MUTUAL INSURANCE COM- 
PANY, WORCESTER. 

[Incorporated March 31, 1855. Commenced business March 31, 1855.] 
WALDO E. BUCK, President. CHARLE8 8. BACON, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

City National Bank (Worcester) stock, . . $6,000 00 $8,400 00 

West End Street R.R. bonds, .... 10,000 00 10,850 00 

Rutland R.R. bonds, 10,000 00 10,350 00 

Concord & Montreal R.R. bonds, . . . 20,000 00 21,400 00 

Chicago, Burl. & Quincy R.R. bonds, . . 24,000 00 24,600 00 

Old Colony R.R. bonds, 15,000 00 16,162 50 

Boston & Lowell R.R. bonds, .... 20,000 00 21,900 00 

Chicago & Eastern Illinois R.R. bonds, . . 15,000 00 16,950 00 

Boston & Maine R.R. bonds, .... 20,000 00 24,400 00 

Fitchburg R.R. bonds, 15,000 00 16,500 00 

Old Colony Steamboat Co. bonds, . . . 15,000 00 15,150 00 

Connecticut River R.R. scrip 13,000 00 13,000 00 

Worcester Consolidated Street R'y bonds, . 14,000 00 14,000 00 

Chic. June. R'y & Union Stock Yards Co. bonds, 6,000 00 6,840 00 

Union Pacific R.R. bonds, .... 5,000 00 5,100 00 

Oregon Short Line R.R. bonds, . . . 5,000 00 5,600 00 

Oregon R.R. Navigation Co. bonds, . . . 10,000 00 10,300 00 

American Bell Telephone Co. bonds, . . 25,000 00 25,000 00 

Central R.R. of New Jersey bonds, . . . 10,000 00 11,750 00 

Ogdensburg & Lake Champlain R.R. bonds, . 10,000 00 11,150 00 

Norwich & Worcester R.R. stock, . . . 4,800 00 10,560 00 

Connecticut River R.R. stock, .... 10,000 00 27,000 00 



$282,800 00 $326,962 50 



Summary of Assets Dec 

Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



31, 1899. 

$326,962 50 

32 16 

41,097 04 

4,460 17 

5,890 50 



$378,442 37 



WORCESTER MANUFACTURERS* MUTUAL INSURANCE CO. 81 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
State and local taxes, 

Gross liabilities, .... 

Net cash assets, . 

Income 

Premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, 



Total, $347,249 26 

Premiums now in course of collection, . . 5,890 50 



Entire premiums collected, .... $341,358 76 
Less reinsurance and return premiums, . . 16,655 85 

Net cash premiums received, . 
Interest and dividends received from all sources, . 



$30 88 

463 75 

159,921 13 

666 98 


$161,082 74 




. . • . 

$3,301 09 
343,948 17 


$217,359 63 



$324,702 91 
14,132 81 



Gross cash income, $338,835 72 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for inspections, etc., 

for incidentals, 



$28,271 98 
274,316 71 
8,899 57 
3,155 28 
1,000 00 
4,878 39 
1,853 06 



Gross cash expenditures, f 322,374 99 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1898, $38,013,992 00 $296,045 29 $1,480,226 45 
Risks written during 1899, . 44,895,098 00 343,948 17 1,719,740 85 



Total, $82,909,090 00 $639,993 46 $3,199,967 30 

Risks terminated during 1899, . 41,256,641 00 320,151 19 1,600,755 95 



In force at end of year, . . $41,652,449 00 $319,842 27 $1,599,211 35 

Miscellaneous. 

Losses incurred during the year, $19,835 00 

Profits or surplus returned during the year, 90.411 per cent. 



82 



WORCESTER MUTUAL FIRE INSURANCE CO. 



WORCESTER MUTUAL FIRE INSURANCE COMPANY, 

WORCESTER. 

[Incorporated Feb. 11, 1823. Commenced business May 1, 1824.] 
JOHN A. FAYERWEATHER, President. ROGER F. UPHAM, Secretary. 

Amount of permanent fund, ....... $420,000 00 



Detailed Statement of Stocks, 

85 shares Worcester National Bank, 

22 « 

50 " 

200 « 

34 " 

45 " 

40 M 

10 " 

10 " 

15 " 

20 " 

25 " 



Central National Bank, . 
Citizens' National Bank,. 
City National Bank, 
Mechanics' National Bank, 
Quinsigamond National Bank, 
Fitchburg Nat'l Bank, Fitchburg, 
Southbridge Nat'l B'k, Southbridge 
Oxford National Bank, Oxford, 
Blackstone Nat'l Bank, Uxbridge, 
First National Bank, Westboraugh 
Wachusett Nat'l Bank, Fitchburg, 

Boston & Maine 11. R. bonds, 

Boston & Albany R.R. bonds, . 

Cincinnati, Hamilton & Dayton R.R. bonds, 

Portland & Rumford Falls R.R. bonds, . 

Fitchburg R.R. bonds, .... 

N. Y., New Haven & Hartford R.R. bonds, 

Worcester, Nashua & Rochester R.R. bonds, 

Maine Central R.R bonds, 

Penobscot River R R. bonds, . 

Worcester Consolidated Street R'y bonds, 

West End Street Railway bonds, 

Rutland R R bonds, 

Old Colony R R. bonds, .... 

Illinois Central R.R bonds, 

Chic, Burlington & Quincy R.R bonds, . 



Bonds, etc. 

Par Value. 

$8,500 00 

2,200 00 

5,000 00 

20,000 00 

3,400 00 

4,500 00 

4,000 00 

1,000 00 

1,000 00 

1,500 00 

2,000 00 

2,500 00 

15,000 00 

10,000 00 

12,000 00 

10,000 00 

25,000 00 

10,000 00 

8,000 00 

5,000 00 

5,000 00 

6,000 00 

5,000 00 

3,000 00 

20,000 00 

26,000 00 

10,000 00 



Market Value 

$12,750 00 

2,860 00 

7,000 00 

28,000 00 

3,400 00 

6,525 00 

6,000 00 

1,000 00 

1,000 00 

1,500 00 

2,000 00 

4,250 00 

16,600 00 

10,800 00 

12,960 00 

10,300 00 

26,500 00 

10,800 00 

8,480 00 

5,300 00 

5,250 00 

6,000 00 

5,100 00 

3,150 00 

21,600 00 

26,000 00 

10,000 00 



Securities held as collateral for cash loans : 

60 shares Howard Bros. Mfg. Co., . 
Illinois Central R R. bond, . 



$225,600 00 $255,125 00 



Market Value. Loaned Thereon. 

86,000 00 $5,000 00 
1,000 00 1,000 00 



§7,000 00 $6,000 00 



WORCESTER MUTUAL FIRE INSURANCE CO. 



83 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 

All other cash loans, 

Cash in the office and in bank, . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



31, 1899. 

$85,000 00 

384,456 00 

7,161 82 

255,125 00 

6,000 00 

2,425 00 

16,317 06 

3,389 24 

11,716 77 

711 74 



$772,302 63 



Liabilities. 

Losses unpaid, $2,000 00 

Unearned premiums on outstanding risks, . 309,803 24 

Return premiums on cancelled policies, . . 366 67 

Profits or surplus on terminated policies, unpaid, 2,927 42 

Commissions and brokerage, .... 3,442 27 
Gross liabilities, 



Net cash assets, 



Income. 

Premiums outstanding Dec. 31, 1898, . . $11,419 18 
Premiums on risks written or renewed, . . 149,637 67 

Total, $161,056 85 

Premiums now in course of collection, . . 11,716 77 

Entire premiums collected, .... $149,340 08 

Less reinsurance and return premiums, . . 5,670 85 

Net cash premiums received, . 

Received for extra premiums, . 

Interest and dividends received from all sources, 

Income from rents, .... 



Gross cash income, 



318,539 60 
$453,763 03 



$143,669 23 

620 78 

28,864 27 

7,960 79 

$181,115 07 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for commissions and brokerage, 



$41,769 74 
86,179 55 
20,221 34 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$232,200 00 
508,700 00 
391,550 00 



84 WORCESTER MUTUAL FIRE INSURANCE CO. 

Cash paid for salaries of officers and employees, . . . $ 14,285 97 

for State and local taxes, 4,524 28 

for expense on real estate, 935 69 

for incidentals, ....... 5,518 11 



Gross cash expenditures, $173,434 68 

Risks and Premiums. 

Amount. Cash Prem's. Contlng't Prem's. 

Risks outstanding Dec. 31, 1898, $42,694,698 00 $607,483 63 $607,483 63 

Risks written during 1899, . 10,688,252 00 149,637 67 149,637 67 



Total,. . . . -.$53,382,950 00 $757,12130 $757,12130 
Risks terminated during 1899, . 10,314,057 00 150,520 28 150,520 28 



In force at end of year, . . $43,068,893 00 $606,601 02 $606,601 02 

Miscellaneous. 

Losses incurred during the year, ...... $40,071 00 

Profits or surplus returned during 1899, 25, 50 and 70 per cent. 



AGGREGATE- 



Guaranty capital, . 
Gross present assets, 



Assets. 



Liabilities. 

Gross present liabilities, 



Income. 
Cash received for premiums during the year, 
for interest and dividends, . 
for assessment on deposit notes, 

for rents, 

from all other sources, . 



Gross cash income, 



Expenditures. 

Cash paid for losses, 

for brokerage and commissions on premiums, 
for salaries and fees of officers and employees 
for interest on borrowed money, 
for State and local taxes, . 

for rents, 

for return of profits or surplus, . 
for dividends on guaranty capital, 
for all other expenditures, . 



Total expenditures, 



General Items. 
Risks written during the year, .... 
terminated during the year, 
outstanding at end of year, 
Amount of contingent premiums received thereon, 
of losses incurred during the year, 
of permanent fund, .... 



$100,000 



$11,277,377 



$5,334,828 



$5,242,981 

426,790 

19,144 

32,575 

2,923 

$5,724,413 



$1,136,836 

268,964 

297,132 

1,003 

68,853 

17,175 

3,579,707 

7,000 

202,046 

$5,578,716 



$580,801,981 

551,354,322 

896,764,638 

24,461,848 

1,093,082 

3,970,573 



MASSACHUSETTS 

Mutual Fiee-Maeine Insueance Companies. 



Detailed Statement of Assets and Liabilities, with Abstract 
of Annual Statements for the Year ending r 

December 31, 1899. 



88 



CHINA MUTUAL INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



CHINA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 30, 1853. Commenced business Oct. 1, 1853.] 
EDMUND A. POOLE, President. WILLIAM H. LORD, Secretary. 

Office, 70 Kilby Street. 
Detailed Statement of Stocks. 

Par Value. Market Value. 

300 shares N. Y., New Haven & Hart. R.R., . $30,000 00 $64,200 00 
200 " Boston & Albany Railroad, . . 20,000 00 49,000 00 



$50,000 00 $113,200 00 



Summary of Assets Dec. 31, 1899. 



Stocks, as per schedule, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 

Reinsurance, etc., 

Bills receivable, 

Gross assets, , . 



Liabilities. 



Losses adjusted, unpaid, . 
Losses claimed and reported, . 



Total amount of losses, 
Less reinsurance, 



Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Due and accrued for rent, salaries, etc., . 
Due for borrowed money, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Gross liabilities, except scrip, . 



$113,200 00 

12,509 15 

10,134 10 

79,920 96 

6,000 00 

2,500 00 



$13,025 00 
74,360 00 

$87,385 00 
3,635 00 

$83,750 00 

79,920 96 

60 00 

181 70 

1,000 00 

35,000 00 

1,000 00 

6,000 00 



Surplus as regards policy holders, . 

Scrip outstanding, not ordered to be redeemed, 



$224,264 21 



206,912 66 

$17,351 55 
506,090 00 



Impairment of scrip reserve, $488,738 45 



CHINA MUTUAL INSUEANCE CO. 



89 



Income. 

Marine premiums outstanding Dec. 31, 1898, . $47,786 02 

Same not collected, 609 43 

Net collected, $47,176 59 

Premiums on risks written or renewed, . . 342,701 12 

Total, $389,877 71 

Premiums now in course of collection, . . 63,868 60 

Entire premiums collected, .... $326,00911 

Less reinsurance and return premiums, . . 57,228 21 

Net cash marine premiums received, . . 

Interest and dividends received from all sources, . 

Received from borrowed money, . . . $35,000 00 



Gross cash income, 



$268,780 90 
2,066 34 



$270,847 24 



Expenditures. 
Cash paid for marine and inland losses, . 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, . 
Interest paid scrip holders, .... 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for rent and incidentals, . 



$319,182 65 
61,327 35 



$257,855 30 
20,243 60 
19,730 22 
17,775 00 
3,218 62 
13,924 38 



Gross cash expenditures, $332,747 12 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 



Total, . . . . ' . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 



. $4,193,776 00 
. 26,583,613 00 



.$30,777,389 00 
. 24,763,605 00 

. $6,013,784 00 
181,731 00 



Premiums. 

$134,303 56 
342,701 12 

$477,004 68 
336,596 00 

$140,408 68 
10,103 48 



Net amount in force, . 



. $5,832,053 00 $130,305 20 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Marine and inland losses incurred during the year, 



$17,638,938 00 

12,651,616 00 

253,239 00 



90 INDIA MUTUAL INSURANCE CO. 



INDIA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 29, 1867. Commenced bueineBg May 2, 1867.] 

Guaranty Fund paid up in Notes, $140,000. 

H. B. ALDEN, President. GEO. H. CROWELL, Secretary. 

Office, 107 Water Street. 
Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

150 shares Old Colony R.R. $15,000 00 $30,600 00 

80 " Boston & Maine R.R., . . . 8,000 00 16,000 00 

125 " West End R.R., .... 6,250 00 14,000 00 

100 " New York, New Haven & Hart. R.R., 10,000 00 21,400 00 

25 " Fitchburg R.R., .... 2,500 00 3,000 00 

10 " Boston & Albany R.R., . . . 1,000 00 2,450 00 

10 " Pullman Palace Car Co., . . 1,000 00 1,850 00 

40 " Boston Elevated Trust Receipts, . 2,000 00 3,920 00 

10 " Southern Oregon Co , . . . 1,000 00 250 00 

Balance due on 10 shares Hamilton Nat'l Bank 

(in liquidation) - 100 00 

Balance due on 10 shares Everett Nat'l Bank 

(in liquidation) - 200 00 

Company's own scrip, . . $5,801 00 

$46,750 00 $93,770 00 

Summary of Assets Dec. 31, 1899. 

Stocks and bonds, etc., as per schedule, . . $93,770 00 

Cash in the office of the company, . . . 1,139 45 

Cash deposited in bank, 1,886 29 

Premiums in course of collection (gross), . 3,921 14 
Subscription notes on time not exceeding twelve 

months, not yet due, 140,000 00 

Prem's more than three mos. due, . $38 65 

Gross assets, $240,716 88 

Liabilities. 

Losses claimed and reported (fire), . . . $1,583 57 

Losses disputed or resisted (marine), . . 2,248 78 

Unearned premiums on outstanding risks, . 30,115 39 

Interest due or accrued on scrip, . . . 651 75 

Due and accrued for rent, salaries, etc., . . 101 87 

Commissions and brokerage, .... 862 70 

Reinsurance, 42 39 

Gross liabilities, except guaranty fund, . 35,606 45 

Surplus as regards policy holders, $205,110 43 

Guaranty fund, $140,000 00 

Scrip outstanding, not ordered to be redeemed, 150,471 00 

290,471 00 



Impairment of scrip reserve, $85,360 57 



INDIA MUTUAL INSURANCE CO. 



91 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, ..... 



Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest and dividends received from all sources, 
Income from rents, 



$5,103 65 

457 62 

$4,646 03 

58,374 13 

$63,020 16 

3,959 79 

$59,060 37 

10,662 49 



Gross cash income, 



$48,397 88 

4,207 89 

480 00 

$53,085 77 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Interest paid scrip holders, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for rent and incidentals, . 



$53,441 20 
2,333 40 

$17 28 
7 40 



Gross cash expenditures, 



Bisks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

r 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



. $5,592,721 
. 5,411,269 



00 
00 



$11,003,990 
5,675,533 



00 
00 



. $5,328,457 
366,826 



00 
00 



$51,107 80 



9 88 

3,683 04 

10,710 11 

6,712 00 

335 23 

2,485 00 

$75,043 06 



Premiums. 

$67,279 36 
58,374 13 

$125,653 49 
64,193 73 

$61,459 76 
3,135 25 



. $4,961,631 00 $58,324 51 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . ". 



. $3,703,950 00 

. 2,660,855 00 

47,346 00 



AGGREGATE. 



Whole amount of guaranty fund, in subscription notes, . 


$140,000 


Whole amount of outstanding scrip not cancelled, . 


656,561 


Assets. 






$464,981 


Liabilities. 






§242,519 


Income. 




Cash actually received for fire premiums, .... 


§48,398 


actually received for marine premiums, 


268,781 


for interest and divideuds from all sources, 


6,274 


from all other sources, ...... 


480 




§323,933 


Expenditures. 




Cash actually paid during the year for fire losses, 


§51,108 


actually paid during the year for marine losses, 




257,865 


for brokerage and commissions on premiums, . 




30,440 


for salaries and pay of officers and employees, 






24,487 


for State and local taxes, .... 






3,554 


for office agency and incidental expenses, . 






16,409 








23,927 


Gross cash expenditures, 


$407,790 


Miscellaneous. 




Whole amount of fire risks written during the year, . 


§5,411,269 


premiums charged or receivable thereon, 






58,374 


marine risks written during the year, 






26,583,613 


premiums charged or receivable thereon, 






342,701 


fire risks terminated during the year, 






5,675,533 


marine risks terminated during the year, 






24,763,605 


fire risks outstanding at end of year, 






4,961,631 


marine risks outstanding at end of year, 






5,832,053 


fire losses incurred during the year, 






47,346 


marine losses incurred during the year, . 






253,239 



MASSACHUSETTS 

JOINT-STOCK FIRE, MARINE AND FIRE-MARINE 

INSURANCE COMPANIES. 



Detailed Statement op Assets and Liabilities, with Abstract 

of Annual Statements for the Year ending 

December 31, 1899. 



94 



AMERICAN INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated June 12, 1818. Commenced business June 12, 1818.] 

Paid-up Capital, $300,000. 

FRANCIS PEABODY, President. HENRY 8. BEAN, Secretary. 

Office, 30 Kilby Street. 



Detailed Statement of Stocks 



62 " New England National Bank, 
66 " Suffolk National Bank, . 

152 " State National Bank, 

280 " National Union Bank, . 

100 " Merchants' National Bank, 
28 " Tremont National Bank, 
69 " Washington National Bank, 

193 " National Shawmut Bank, 

578 " Boston & Albany Railroad, 
13 " Boston & Lowell Railroad, 

200 " Old Colony Railroad, 
8 " Merrimack Manufacturing: Co 

Chicago, Burlington & Quincy R.R. bonds, 

Eastern Railroad bonds, .... 

Chicago, Milwaukee & St. Paul R.R. bonds, 

Cincinnati, Ind , St. Louis & Chic. R.R. bonds 

Massachusetts State bonds, 

United States bonds, 

Boston Terminal Co. bonds, 



Securities held as collateral for cash loans : — 



200 shares Essex County Building Co., . 



and Bonds. 

Par Value. 

§22,200 00 

6,200 00 

6,600 00 

15,200 00 

28,000 00 

10,000 00 

2,800 00 

6,900 00 

19,300 00 

57,800 00 

6,500 00 

20,000 00 

8,000 00 

49,000 00 

20,000 00 

25,000 00 

40,000 00 

18,000 00 

6,000 00 

20,000 00 



Market Value. 

$26,584 50 

9,610 00 

7,194 00 

17,822 00 

40,110 00 

17,000 00 

1,400 00 

8,418 00 

31,893 25 

142,188 00 

15,730 00 

41,000 00 

9,560 00 

49,490 00 

23,000 00 

32,500 00 

41,400 00 

18,990 00 

8,040 00 

22,750 00 



$387,500 00 $564,679 75 



Market Value. Loaned Thereon. 

$20,000 00 § 15,000 00 



Summary of Assets Dec. 31, 1899. 

Stocks and bonds, as per schedule, . . . $564,679 75 

Loans on collateral security, as per schedule, . 15,000 00 

Cash in the office of the company, . . . 5,654 34 

Cash deposited in bank, 14,984 62 



AMERICAN INSURANCE CO. 



95 



Interest due and accrued, $2,909 48 

Premiums in course of collection (gross), . 32,951 13 

Reinsurance due on losses paid, . . . 564 21 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, $1,268 54 

Losses claimed and reported, .... 25,674 88 

Total amount of losses, $26,943 42 

Less reinsurance, 3,732 22 

Net amount of unpaid losses, .... $23,211 20 

Unearned premiums on outstanding risks, . 152,614 91 

Due and accrued for rent, salaries, etc., . . 3,495 32 

Commissions and brokerage, . . . . 6,114 68 

Return premiums and reinsurance, . . . 6,588 80 
Gross liabilities, except capital,* 

Surplus as regards polic} 7 holders, . 
Paid-up capital, .... 



Surplus over capital, 



Income. 

Fire premiums outstanding Dec 31, 1898, . $16,119 27 
Premiums on risks written or renewed, . . 279,104 04 

Total, $325,223 31 

Premiums now in course of collection, . . 32,951 13 

Entire premiums collected, .... $292,272 18 

Less reinsurance and return premiums, . . 78,471 01 

Net cash fire premiums received, 

Interest and dividends received from all sources, 

Income from all other sources, 



Gross cash income, 



$636,743 53 



192,024 91 

$444,718 62 

300,000 00 

$144,718 62 



$213,801 17 

22,176 17 

1,090 00 

$237,067 34 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 
Loss in Globe Bank stock, .... 
Cash paid for rent and incidentals, . 

Gross cash expenditures, .... 



$155,359 24 
22,797 83 



$132,561 41 
18,000 00 
46,648 44 
18,131 61 
8,405 73 
17,000 00 
19,790 94 

$260,538 13 



* Since filing the annual statement an assessment of 100 per cent, has been levied on Globe 
National Bank stock. 



96 



BOSTON INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. £29,193,408 00 
. 26,940,252 00 



Premiums. 

£323,433 63 
279,104 04 



.$56,133,660 00 £602,537 67 
. 21,684,967 00 233,832 74 



. £34,448,693 00 
. 8,075,100 00 



£368,704 93 
89,346 94 



. £26,373,593 00 £279,357 99 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (6 per cent ), . 
Company's stock owned by directors, 



£12,493,919 00 

8,472,134 00 

138,171 00 

2,851,500 00 

18,000 00 

40,500 00 



BOSTON INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 23, 1873. Commenced business Jan. 20, 1874.] 

Paid-up Capital, $1,000,000. 

RANSOM B. FULLER, President. THOMAS H. LORD, Secretary. 

Office, 95 Kilby Street. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Boston city bonds, £125,000 00 £140,075 00 

Chicago, Burlington & Quincy R.R. bonds, . 10,000 00 10,640 00 

Brookline Gas Light Company bonds, . . 25,000 00 27,406 25 

Newton city bonds, 25,000 00 28,000 00 

West Shore R.R. bonds, 5,000 00 5,612 50 

Boston & Lowell R.R. bonds, .... 25,00000 28,31250 

Oregon Short Line R.R. bonds, . . . 10,500 00 13,265 00 

Louisville, Evansville & St. Louis R.R. bonds, 2,000 00 2,120 00 

Fitchburg R R bonds, 35,000 00 39,350 00 

Wisconsin Central R.R. bonds, .... 12,000 00 11,025 00 

Illinois Central R.R. bonds, .... 25,000 00 25,031 25 

N. Y. Central & Hudson River R.R bonds, . 20,000 00 19,000 00 

Old Colony R.R. bonds, 15,000 00 16,800 00 

Atchison, Topeka & Santa Fe R.R. bonds, . 86,000 00 79,420 00 

Toledo, St. Louis & Kansas City R.R. bonds, . 20,000 00 23,000 00 

Boston & Albany R.R. stock, .... 35,000 00 85,750 00 



BOSTON INSURANCE CO. 



97 



Boston & Lowell R.R. stock, . 

Chicago, Burlington & Quincy Railroad stock, 

Iron Railway Co. stock, . 

Fitchburg R.R. stock, 

N. Y. Central & Hudson River R.R stock 

N. Y., N. H. & Hartford R.R. stock, 

Old Colony R.R. stock, . 

Pullman Palace Car Co. stock, . 

Connecticut & Passumpsic R.R. stock, 

Union Pacific R.R. stock, . 

Atchison, Topeka & Santa Fe R.R. stock, 

Manchester Mills stock, . 

Chic, Milwaukee & St. Paul R.R. stock, 

Pennsylvania R.R. stock, . 

American Bell Telephone stock, 

Wisconsin Central Ry Co. stock, 

Atlantic Bank stock, .... 

Atlas Bank stock, .... 

Beverly Bank stock, .... 

Brookline Bank stock, 

Commercial Bank stock, . 

Eliot Bank stock, .... 

Exchange Bank stock, 

First Bank stock, .... 

First Bank, Salem, stock, . 

Freeman's Bank stock, 

Grand Bank, Marblehead, stock, 

Hide and Leather Bank stock,. . 

Lincoln Bank stock (in liquidation), 

Mercantile Bank, Salem, stock, 

Merchants' Bank stock, 

Merchants' Bank, Salem, stock, 

Naumkeag Bank, Salem, stock, 

New England Bank stock, 

National Shawmut Bank stock, 

Old Boston Bank stock, 

Railroad Bank, Lowell, stock, . 

Republic Bank stock, 

Second Bank stock, .... 

State Bank stock, .... 

Suffolk Bank stock, .... 

Tremont Bank stock, 

Globe National Bank stock, 



Par Value. 

f 10,000 00 
54,000 00 
29,700 00 
25,000 00 
50,000 00 
30,000 00 
10,000 00 
30,000 00 

5,000 00 
25,000 00 
56,500 00 
20,000 00 
10,000 00 
25,000 00 
10,000 00 
12,000 00 
10,000 00 
11,000 00 
13,000 00 
10,000 00 
36,500 00 
30,000 00 
10,000 00 
10,000 00 
10,000 00 
12,500 00 

1,700 00 
11,000 00 

10,000 00 
25,000 00 

5,000 00 
10,000 00 
15,000 00 
20,000 00 
10,000 00 

5,000 00 
15,000 00 
20,000 00 
30,000 00 

6,700 00 

5,000 00 
15,000 00 



Market Value. 

$24,200 00 
65,880 00 
14,850 00 
28,750 00 
65,500 00 
64,200 00 
20,200 00 
55,800 00 

8,150 00 
14,700 00 
35,030 00 
21,200 00 
11,750 00 
32,562 50 
34,100 00 

4,080 00 
12,600 00 
12,980 00 
18,720 00 
12,500 00 
28,835 00 
42,900 00 
14,650 00 
19,000 00 

8,400 00 
12,906 25 

1,955 00 
12,760 00 

1,660 00 
10,200 00 
42,750 00 

6,500 00 
12,625 00 
22,612 50 
32,800 00 
11,975 00 

6,450 00 
26,250 00 
35,200 00 
36,000 00 

7,303 00 

3,750 00 



$1,235,100 00 $1,510,041 75 



Securities held as collateral for cash loans : — 



83 shares Boston Safe Deposit and Trust Co., 



Market Value. Loaned Thereon 

$18,675 00 $15,000 00 



98 



BOSTON INSURANCE CO. 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Reinsurance due on losses paid, 
Atlantic Mutual Insurance Company scrip, 
Prem's more than three mos. due, $10,473 96 
Matured notes not paid, . . 8,663 41 
Gross assets, 



31, 1898. 

$ 20,000 00 
977,050 00 

4,716 76 

1,510,041 75 

15,000 00 

4,704 14 
184,464 49 

3,726 42 
221,222 16 
101,758 72 

1,772 52 

1,330 00 



$3,045,786 96 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Reinsurance, .... 
Reinsurance disallowed, . 

f Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, 



Surplus over capital, 



Income 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 



$17,237 03 

173,248 31 

$190,485 34 

14,006 90 

$176,478 44 

545,945 92 

22,381 74 

1,649 94 

189 17 



- 746,645 21 

. $2,299,141 75 
. 1,000,000 00 



$1,299,141 75 



$55,765 43 
632,424 27 

$688,189 70 
75,773 13 

$612,416 57 
182,072 62 



$430,343 95 



* Value of property mortgaged, $2,311,100 00 

Amount of insurance held as collateral, .... 873,098 00 

t Since riling the annual statement an assessment of 100 per cent, has been levied on Globe 
National Bank stock. 



BOSTON INSURANCE CO. 



99 



Marine premiums outstanding Dec. 31, 1898, . $230,634 61 
Premiums on risks written or renewed, . . 926,220 06 



Total, . $1,156,854 67 

Premiums now in course of collection, . . 266,345 12 



Entire premiums collected, .... $890,509 55 
Less reinsurance and return premiums, . . 134,196 17 

Net cash marine premiums received, . . $756,313 38 

Interest received on mortgages, 40,611 84 

Interest and dividends received from all other sources, . . 66,591 80 

Income from all other sources, 9,502 77 

Gross cash income f 1,303,363 74 



Expenditures. 
Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for repairs on real estate, . . 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



$325,540 08 

78,812 24 

$875,758 30 

166,689 51 



$246,727 84 



Fire risks outstanding Dec 31, 1898, 
Fire risks written during 1899, 

Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$42,122,364 00 
64,271 560 00 

$106,393,924 00 
41,039,544 00 

$65,354,380 00 
10,490,803 00 



709,068 79 

100,000 00 

139,603 69 

126,197 84 

29,082 03 

11,057 55 

161 24 

59,168 91 

$1,421,067 89 

Premiums. 

$407,942 06 
632,424 27 

$1,040,366 33 
378,126 41 

$662,239 92 
105,149 37 



$54,863,577 00 $557,090 55 



$387,485 25 
926,220 06 

1,313,705 31 
912,621 76 

$401,083 55 
24,021 24 

$5,859,689 00 $377,062 31 



$5,881,443 00 

161,106,082 00 

$166,987,525 00 

160,487,335 00 

$6,500,190 00 

640,501 00 



100 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Marine and inland losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, 



$29,420,869 00 
20,496,140 00 
339,864 00 
801,272 00 
2,130,000 00 
100,000 00 
111,300 00 



MERCANTILE FIRE AND MARINE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Feb. 11, 1823. Commenced business May, 1823.] 

Paid-up Capital, $400,000. 
GEO. R. ROGERS, President. JAMES SIMPSON, Secretary. 

Office, 47 Kilby Street. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Atlantic National Bank stock § 10,000 00 $12,600 00 

Globe National Bank stock 30,000 00 

New England National Bank stock, . . 16,000 00 24,800 00 

Railroad National Bank stock, .... 1,800 00 2,322 00 

State National Bank stock 17,800 00 20,470 00 

Suffolk National Bank stock 35,600 00 38,092 00 

Tremont National Bank stock, .... 10,000 00 5,000 00 

Union National Bank stock, .... 20,000 00 28,600 00 

Boston & Providence R.R. stock, . . . 20,000 00 59,400 00 

Chicago, Burlington & Quincy R.R. stock, . 11,000 00 13,310 00 

Lyman Mills stock 10,000 00 7,000 00 

Union Pacific R.R. stock, 3,500 00 2,590 00 

City of Boston bonds, 10,000 00 10,800 00 

Kan. City, Ft. Scott & Memphis R.R. bonds, . 5,000 00 5,300 00 

Oregon Railway & Navigation Co. bonds, . 2,000 00 2,020 00 

Concord & Montreal Railroad bonds, . . 10,000 00 10,900 00 

Old Colony R.R. bonds, 25,000 00 28,000 00 

City of Cambridge, Mass., bonds, . . . 5,000 00 5,400 00 

Boston & Albany R.R. bonds, .... 15,000 00 16,350 00 

Boston & Lowell R.R. bonds, .... 5,000 00 5,350 00 

City of Lowell, Mass., bonds, .... 5,000 00 5,650 00 

Boston & Maine R.R. bonds, .... 10,00000 11,50000 

City of Taunton bonds 5,000 00 5,650 00 

Fitchburg Railroad bonds, .... 4,000 00 4,160 00 

Phil., Wilmington & Baltimore R.R. bonds, . 7,000 00 7,000 00 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



101 



City of Providence, R. I., bonds, 
Boston Terminal Company bonds, . 



Par Value. Market Value. 

$10,000 00 $11,500 00 
15,000 00 16,950 00 



$318,700 00 $360,714 00 



Securities held as collateral for cash loans : — 

Market Value. Loaned Thereon. 

132 shares Connecticut & Passumpsic R.R., . $21,120 00 $10,000 00 

100 " Boston & Albany R.R., . . . 24,500 00 22,000 00 



$45,620 00 $32,000 00 



Summary of Assets Dec. 31, 1899. 
Loans on mortgage of real estate (first liens *), $190,100 00 

Interest due or accrued thereon, . . . 1,459 75 

Stocks and bonds, as per schedule, . . . 360,714 00 

Loans on collateral security, as per schedule, . 32,000 00 

Cash in the office of the company, . . . 4,478 99 

Cash deposited in bank, 21,007 79 

Interest due and accrued, 1,844 13 

Premiums in course of collection (gross), . 37,794 16 
Prem's more than three mos. due, . $624 97 

Gross assets, $649,398 82 



Liabilities. 



Losses claimed and reported, . 
Losses disputed or resisted, . 


$34,816 29 
1,697 00 




Total amount of losses, 

Less reinsurance, 


$36,513 29 
8,461 64 




Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . , 
State and local taxes, .... 


$28,051 65 

161,482 40 

1,246 51 

8 56 




Commissions and brokerage, . 


5,080 00 




Return premiums and reinsurance, . 
Reinsurance disallowed, .... 


2,693 06 
1,000 00 




f Gross liabilities, except capital, 




199,562 18 


, 


Surplus as regards policy holders, . 


$449,836 64 
400,000 00 


Surplus over capital, .... 


$49,836 64 


Amount of insurance held as collateral, . . . 


. 194,050 00 





t Since filing the annnal statement an assessment of 100 per cent, has been levied on Globe 
National Bank stock. 



102 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums ou risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, .... 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Premiums on marine risks written or renewed, 

Premiums now in course of collection, . 

Net cash marine premiums received, .... 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 



$25,506 20 
246,052 05 

$271,558 25 
37,508 43 

$234,049 82 
55,089 79 

82,620 52 
910 70 



$ 178,960 03 



1,709 82 

6,120 22 

17,862 95 



Gross cash income, $204,653 02 



Expenditures. 

Cash paid for fire losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for office and agency expenses, 

Gross cash expenditures, . ... 



|99,540 12 

24,069 00 

43,057 05 

22,136 02 

4,850 81 

11,121 40 

$204,774 40 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks written during 1899, . 
Deduct risks expired and terminated, 



. $30,777,010 00 
. 24,082,703 00 

.$54,859,7 13 00 
. 19,891,766 00 

. $34,967,947 00 
. 4,834,226 00 



Premiums. 

$326,122 59 
246,052 05 

$572,174 64 
210,592 22 

$361,582 42 
50,954 67 



.$ 30,133,721 00 $310,627 75 



8513,274 00 
513,274 00 



$2,620 52 
2,620 52 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, 



$9,089,019 00 

6,049,817 00 

119,972 00 

2,292,720 00 

24,000 00 

26,400 00 



NORTH AMERICAN INSURANCE CO. 



103 



NORTH AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated December, 1872. Commenced business Jan. 1, 1873.] 

Paid-up Capital, $200,000. 

EUGENE E. PATRIDGE, President. CHARLES E. MACULLAR, Secretary. 

Office, 59 Kilby Street. 



Detailed Statement of Stocks 



Newton city bonds, ..... 
Chicago, Milwaukee & St. Paul R.R. bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Kan. City, Memph. & Birmingham R.R. bonds 
Central R.R. of Vermont bonds, 
Ogdensburg & Lake Champlain R.R. bonds, 
Boston & Maine R.R. bonds, . 
Union Pacific R.R. bonds, .... 
Balance due on 138 shares Boston National 
Bank (in liquidation), . 

50 shares Eliot National Bank, 

17 ' 

95 ' 

29 ' 
150 ' 
143 

50 ' 
100 ' 

67 

50 ' 
4 



Exchange National Bank, 

Globe National Bank, 

Hide and Leather National Bank, 

Merchants 1 National Bank, 

Old Boston National Bank, 

Shoe and Leather National Bank, 

State National Bank, 

Suffolk National Bank, . 

Northern R.R , 

Central R.R. of Vermont, 



Securities held as collateral for cash loans 

Boston Consolidated R.R. Co. bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
American Bell Telephone Co. stock, 
Chic, Milwaukee & St. Paul R.R. Co. stock, 
Chic, Burlington & Quincy R.R. Co. stock, 
Union Pacific R.R. Co. stock, . 



and Bonds. 

Par Value. 

|15,000 00 

5,000 00 

5,000 00 

7,000 00 

5,000 00 

4,000 00 

10,000 00 

15,000 00 



5,000 00 

1,700 00 

9,500 00 

2,900 00 

15,000 00 

14,300 00 

5,000 00 

10,000 00 

6,700 00 

5,000 00 

400 00 



Market Value. 

$17,625 00 
8,300 00 
5,000 00 
4,440 00 
4,500 00 
4,000 00 
12,950 00 
15,318 75 

690 00 
7,150 00 
2,490 50 

3,335 00 
25,500 00 
17,124 25 

6,012 50 
11,500 00 

7,303 00 

8,100 00 
32 00 



$141,500 00 $161,371 00 

Market Value. Loaned Thereon. 

$27,500 00 $25,000 00 



16,500 00 

17,200 00 

11,500 00 

12,300 00 

7,300 00 



15,000 00 
25,000 00 

15,000 00 



$92,300 00 $80,000 00 



Summary of Assets Dec. 31, 1899. 

Cash value of unencumbered real estate, . . $38,300 00 
Loans on mortgage of real estate (first liens *), 80,850 00 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$53,300 00 

101,000 00 

90,650 00 






104 



NORTH AMERICAN INSURANCE CO. 



Interest due or accrued thereon, 
Stocks and bonds, as per schedtfle, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Rents due and accrued, 
Reinsurance due on losses paid, 
Prem's more than three mos. due, . $445 65 
Gross assets, 



$1,228 61 

161,371 00 

80,000 00 

815 77 

4,231 66 

1,418 37 

22,044 91 

272 00 

239 40 



$390,771 72 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, 
Commissions and brokerage, . 
Return premiums, 

* Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, 



$3,169 90 
11,011 01 

$14,180 91 
2,321 12 

$11,859 79 

139,321 77 

96 00 

3,310 73 

512 50 



155,100 79 

$235,670 93 
200,000 00 



Surplus over capital, $35,670 93 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, 



$19,027 34 
216,044 10 

$235,071 44 
22,490 56 

$212,580 88 
49,216 15 



Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Income from rents, 

Income from profits on investments sold, 



$163,364 73 
4,413 41 
8,694 40 
1,811 05 
4,882 16 



Gross cash income, $183,165 75 



* Since filing the annual statement an assessment of 100 per cent, has been lerled on Globe 
National Bank stock. 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



105 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$113,560 36 
17,358 29 



$96,202 07 

11,904 00 

31,981 80 

20,100 00 

3,499 55 

9,522 80 

$173,210 22 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

.$30,211,571 00 $292,980 50 
. 25,193,384 00 216,044 10 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



. $55,404,955 00 $509,024 60 
. 18,396,067 00 171,489 90 



. $37,008,888 00 $337,534 70 
. 4,552,205 00 49,828 98 



. $32,456,683 00 $287,705 72 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, . . . . 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent), . 
Company's stock owned by directors, . . . . 



$3,334,489 00 

2,672,189 00 

101,960 00 

369,000 00 

12,000 00 

55,800 00 



SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY, 

SPRINGFIELD. 



[Incorporated 1849. Commenced business 1851.] 
Paid-up Capital, $1,500,000. 



A. W. DAMON, President. 



S. J. HALL, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

1,500 shares Boston & Albany Railroad, . 



500 " Boston & Lowell Railroad, . 

1 15 " Chic, Burlington & Quincy R.R., 

950 " Chic, Milwaukee & St. Paul R'y, 

400 " Connecticut River Railroad, 

500 " Conn. & Passumpsic Rivers R.R., 

500 " Fitch burg Railroad, . 



$150,000 00 
50,000 00 
11,500 00 
95,000 00 
40,000 00 
50,000 00 
50,000 00 



Market Value. 

$352,500 00 

115,000 00 

12,650 00 

156,750 00 

104,000 00 

52,500 00 

55,000 00 



106 SPRINGFIELD FIRE AND MARINE INSURANCE CO. 

Par Value. Market Value. 

500 shares Great Northern Railway, . . $50,000 00 $82,500 00 

563 " Illinois Central Railroad, . . 56,300 00 61,930 00 

1,000 " New York & Harlem Railroad, . 50,000 00 180,000 00 

2,050 " N. Y., New Haven & Hart. R.R., . 205,000 00 410,000 00 

500 " Old Colony Railroad, . . . 50,000 00 100,000 00 

2,000 " Pennsylvania Railroad, . . 100,000 00 120,000 00 

240 " Rome, Waterfn & Ogdens. R.R , . 24,000 00 28,800 00 

1,000 " Union Pacific Railroad, . . 100,000 00 70,000 00 
200 " Continental National Bank, N. Y., 20,000 00 2.5,000 00 
200 " Fourth National Bank, N. Y., . 20,000 00 33,000 00 
100 " Nat'l Bank of Commerce, N. Y., . 10,000 00 25,000 00 
100 " Nat'l Bank of N. America, N. Y., 10,000 00 15,000 00 
100 " Atlas National Bank, Boston, . 10,000 00 11,800 00 
150 " Boylston National Bank, Boston,. 15,000 00 17,700 00 
100 " Eliot National Bank, Boston, . 10,000 00 14,300 00 
62 " Freeman's National Bank, Boston, 6,200 00 6,386 00 
100 " Merchants 1 Nat'l Bank, Boston, . 10,000 00 17,000 00 
200 " N'l B'k of Commonwealth, Boston, 20,000 00 35,000 00 
100 " Nat'l Bank of Commerce, Boston, 10,000 00 11,500 00 
100 " National Exchange Bank, Boston, 10,000 00 14,600 00 
150 " National Shawmut Bank, Boston, 15,000 00 24,600 00 
100 " National Webster Bank, Boston, . 10,000 00 10,600 00 
100 " New England Nat'l Bank, Boston, 10,000 00 15,500 00 
100 " Old Boston National Bank, Boston, 10,000 00 11,900 00 
50 " Tremont National Bank (in liqui- 
dation), Boston, . ... - 2,00000 
100 " Washington Nat'l Bank, Boston, . 10,000 00 12,200 00 
203 " Agawam Nat'l Bank, Springfield, 20,300 00 12,180 00 
100 " Chapin Nat'l Bank, Springfield, . 10,000 00 12,000 00 
104 " Chicopee Nat'l Bank, Springfield, 10,400 00 16,120 00 
100 " City National Bank, Springfield, . 10,000 00 14,700 00 
200 " First National Bank, Springfield, 20,000 00 22,000 00 
200 " John Hancock N'IB'k, Springfield, 20,000 00 22,000 00 
127 " Pynchon Nat'l Bank, Springfield, 12,700 00 16,510 00 
200 " Second Nat'l Bank, Springfield, . 20,000 00 27,000 00 
215 " Third National Bank, Springfield, 21,500 00 45,150 00 
71 " First National Bank, Chicopee, . 7,100 00 9,940 00 
67 " Franklin Co. N'l B'k, Greenfield, . 6,700 00 6,834 00 
250 " City National Bank, Holyoke, . 25,000 00 27,500 00 

50 " First National Bank, Lynn, . . 5,000 00 6,250 00 

51 " Monson National Bank, Monson, 5,100 00 6,630 00 
20 " Adams National Bank, No. Adams, 2,000 00 2,400 00 
60 " First Nat'l Bank, Northampton, . 6,000 00 7,800 00 
50 " Northampton N'l B'k, N'hampton, 5,000 00 10,000 00 
37 " Palmer National Bank, Palmer, . 3,700 00 5,180 00 
75 " Ware National Bank, Ware, . 7,500 00 7,875 00 

100 " St Paul Nat'l B'k, St. Paul, Minn., 10,000 00 8,000 00 

500 " Pullman's Palace Car Company, . 50,000 00 85,000 00 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



107 



1,500 shares West End Street Railway, . 
500 " Holyoke Street Railway, 
750 " Springfield Street Railway, . 

United States bonds, 

Chicago, Burlington & Quincy R.R. bonds, 
Chicago, Milwaukee & St. Paul R'y bonds, 
Chic & Northwest'n R'y Sinking Fund bonds, 
Kansas City, St. Joe & Council Bluffs R.R.b'ds , 
N. Y. & Harlem Railroad bonds, 
N. Y.,New Haven & Hartford Railroad bonds, 
St. Paul, Minneapolis & Manitoba R'y bonds, 
Berkshire (Mass.) Water Co. bonds, 
Swift & Company (Chicago) bonds, 
Torrington Company bonds, . 



Par Value. 

$75,000 00 
50,000 00 
75,000 00 
75,000 00 
15,000 00 
10,000 00 
50,000 00 

100,000 00 
10,000 00 
60,000 00 
50,000 00 
15,000 00 
50,000 00 
25,000 00 



Market Value. 

§155,000 00 

100,000 00 

150,000 00 

93,750 00 

15,000 00 

16,000 00 

57,500 00 

115,000 00 

10,000 00 

108,000 00 

58,000 00 

15,000 00 

52,500 00 

25,000 00 



12,226,000 00 $3,546,535 00 



Securities held as collateral for cash loans: — 



30 shares Third National Bank, Springfield, 
68 * 

135 4 

31 ■ 
90 « 
30 • 

5 « 

200 » 



Boston & Albany Railroad Co., 
N. Y., N. H. & Hartford R R. Co , 
Agawam Nat'l Bank, Springfield, 
Revere, Mass., Water Co., 
Eastern Oil Co., Olean, N. Y., 
Southworth Co., West Springfield, 
Revere, Mass , Water Co , 



Market Value. Loaned Thereon. 



$6,300 00 

15,980 00 

27,000 00 

1,860 00 

18,000 00 

3,150 00 

5,000 00 

40,000 00 



$2,775 00 
6,500 00 

1,000 00 
9,000 00 
2,000 00 
3,250 00 
15,000 00 



$117,290 00 $39,525 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

Cash deposited in bank 

Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 

Gross assets, 

Deduct special deposits in other States, . 

Balance, 



31, 1899. 

$126,400 00 

647,800 00 

16,485 68 

3,546,535 00 

39,525 00 

17,513 41 

114,382 58 

30,993 09 

362,994 63 

664 17 

3,645 50 



- $4,906,939 06 
93,750 00 

. $4,813,189 06 



* Value of lands mortgaged, $476,900 00 

Value of buildings thereon 750,700 00 

Amount of insurance held as collateral, .... 718,600 00 



108 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, ..... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, . 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



$33,507 02 

163,529 25 

9,801 12 

$206,837 39 
34,173 86 

$172,663 53 

1,476,584 27 

72,598 92 

3,586 53 

J 1,725,433 25 
32,062 04 



$1,693,371 21 

$3,119,817 85 
1,500,000 00 

$1,619,817 85 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Intei'est received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



Expenditures. 

Cash paid for fire losses, .... 

Deduct reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employ 
for State and local taxes, 
for incidentals, . 



Gross cash expenditures, 



$288,571 83 
14,211 38 

$274,360 45 
2,192,207 88 

$2,466,568 33 
362,994 63 

$2,103,573 70 
411,391 56 



sources, 



$1,692,182 14 

89,941 53 

142,145 31 

4,597 71 

$1,878,866 69 



$1,211,037 64 
144,797 23 



ees, 



$1,066,240 41 
150,000 00 
300,266 64 
110,105 15 
83,354 72 
216,318 32 

$1,926,285 24 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



109 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$283,289,321 00 $2,946,929 85 
211,784,528 00 2,192,207 88 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$495,073,849 00 $5,139,137 73 
186,969,515 00 2,084,322 12 



$308,104,334 00 $3,054,815 61 
26,037,993 00 187,769 77 



$282,066,341 00 $2,867,045 84 



Miscellaneous. 

Trcmiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . 



$43,530,364 00 

26,316,489 00 

1,069,130 00 

3,854,542 00 

150,000 00 

87,000 00 



AGGREGATE. 



Capital Stock. 




Whole amount of capital actually paid up in cash, . 


$3,400,000 


Assets. 






$9,535,891 


Liabilities. 




Gross present liabilities, 


$2,986,704 


Income. 




Cash actually received for tire premiums, .... 


$2,678,652 


actually received for marine premiums, . 


758,023 


for interest and dividends from all sources, 


318,557 


from all other sources, 


21,885 


Gross cash income, 


$3,807,117 


Expenditures. 




Cash actually paid during the year for fire losses, 


$1,641,271 


actually paid during the year for marine losses, 


709,069 


dividends to stockholders, 


303,973 


for brokerage and commissions on premiums, 




561,558 


for salaries and pay of officers and employees, 




296,671 


for State and local taxes, .... 




129,194 


for office, agency and incidental expenses, 




344,139 


Gross cash expenditures, 


$3,985,875 


Miscellaneous. 




Whole amount of fire risks written during the year, . 


$352,272,427 


premiums charged or receivable thereon, 




3,565,832 


marine risks written during the year, 




161,106,082 


premiums charged or receivable thereon, 




926,220 


tire risks terminated during the year, 




287,981,859 


marine risks terminated during the year, 




161,000,609 


fire risks outstanding at end of year, 




425,893,915 


marine risks outstanding at end of year, 




5,859,689 


cash dividends declared during the year, 




304,000 


fire losses incurred during the year, 




1,769,097 


marine losses incurred during the year, . 




801,272 



FIRE, MARINE AND FIRE-MARINE 
INSURANCE COMPANIES 

OF OTHER STATES. 



Detailed Statement of Assets and Liabilities, with Abstract 

of Annual Statements for the Year ending 

December 31, 1899. 



112 



^ETNA INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



".ETNA INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated June, 1819. Commenced business August, 1819.] 

Paid-up Capital, $4,000,000. 

WM. B. CLARK, President. WM. H. KING, Secretary. 



Detailed Statement of 

United States bonds, . 
Arizona Territory bonds, . 
New Mexico Territory bonds, 
Alabama State bonds, 
Georgia State bonds, 
Mississippi State bonds, . 
New Hampshire State bonds, 
Tennessee State bonds, 
Hartford County, Conn., bonds, 
Mecklenburg County, N. C, bonds, 
Spokane Co., Wash., court house and jail 
Talbot County, Ga., court house bonds, 
Norwich, Conn., town bonds, . 
Americus, Ga., city bonds, 
Albina, Oregon, city bonds, 
Bainbridge, Ga., city bonds, 
Boston, Mass., city bonds, 
Buffalo, N. Y., city bonds, 
Chicago, 111., bonds, .... 
City of Sioux Falls, So. Dakota, bonds, 
Dallas, Texas, city bonds, 
Dalles City, Oregon, bonds, 
Dayton, Ohio, city bonds, . 
Fostoria, Ohio, city bonds, 
Greensboro, N. C, city bonds, . 
Greenville, Ala., bonds, 
Hamilton, Ohio, city bonds, 
Jersey City, N. J., city hall bonds, . 
Lexington, Ky., city bonds, 
Lockport, N. Y., city bonds, 
Montreal, Canada, corporation stock, 
Montreal, Canada, bonds, . 



Stocks and Bonds. 

Par Value. 

$ 100,000 00 

15,000 00 

10,000 00 

10,000 00 

25,000 00 

11,000 00 

33,500 00 

23,000 00 

5,000 00 

67,000 00 

b'ds, 25,000 00 

11,000 00 

100,000 00 

6,000 00 

25,000 00 

8,000 00 

30,000 00 

50,000 00 

50,000 00 

25,000 00 

50,000 00 

25,0C0 00 

25,000 00 

25,000 00 

24,000 00 

20,000 00 

20,000 00 

25,000 00 

50,000 00 

5,000 00 

19,000 00 

4,000 00 



Market Value. 

§134,000 00 
16,050 00 
10,500 00 
11,200 00 
27,500 00 
12,210 00 
36,180 00 
22,080 CO 

5,000 00 

79,060 00 

26,750 00 

11,990 00 

118,000 00 

7,200 00 
32,000 00 

9,440 00 
32,700 00 
56,500 00 
56,500 00 
25,500 00 
56,000 00 
27,000 00 
26,750 00 
26,000 00 
27,120 00 
22,000 00 
20,400 00 
30,000 00 
55,000 00 

5,000 00 
19,950 00 

4,000 00 



.ETNA INSURANCE CO. 



113 



New Brunswick, N. J., bonds, 
Ogden City, Utah, bonds, . 
Port of Portland, Oregon, bonds, 
Providence, R. I., city bonds, 
Rahway, N. J., city bonds, 
Richmond, Va., city bonds, 
Roanoke, Va , city bonds, . 
St. Louis, Mo., city bonds, 
Seattle, Wash., city bonds, 
Tacoma, Wash, city bonds, 
Toledo, Ohio, city bonds, . 
Topeka, Kansas, city bonds, 
Urban a, Ohio, city bonds, . 
Watsonville, Cal., bonds, . 
Winston, N. C, city bonds, 
Winnipeg, Man., city bonds, 
Brooklyn Wharf & Warehouse Co. bonds, 
Loan & Guarantee Co. of Connecticut bonds, 
Central Safety Deposit Co., Chicago, bonds, 
People's Gas Lt. and Coke Co., Chicago, bonds 
North East School Dis., Hart., Conn , bonds, 
School Dis. No 2, Enfield, Conn., bonds, . 
School Dis No. 24, Woodbridge, N. J., bonds, 
St. of 111., Mason & Tazewell D'nage Dis. b'ds, 
Masonic Temple Cor. of Wil., N. C, bonds, 
The Y. M. C. A., Wilmington, N. C, bonds, 
Atlantic Mutual Insurance Co. scrip, 
Albany & Susquehanna R.R. bonds, 
Alabama Central R.R. bonds, . 
Baltimore & Ohio R.R. bonds, . 
Buffalo, New York & Erie R.R. bonds, 
Canadian Pacific Railway Company bonds, 
Central Branch Railway Company bonds, 
Centralia & Chester R.R. bonds, 
Central Pacific Railway Co. bonds, . 
Chesapeake & Ohio R.R. bonds, 
Cleve., Col., Cin. & Indianap. R.R. bonds, 
Chicago, Burl. & Quincy R.R. bonds, 
Chicago, Mil. & St. Paul R.R. bonds, 
Chicago & Northwestern R.R. bonds, 
Chicago North Shore Street Ry. Co. bonds, 
Chicago, Rock Island & Pacific R.R. bonds, 
Chicago & Western Indiana R.R. bonds, . 
Cicero & Proviso St. Ry. Co., Chic, bonds, 
Cincinnati, Dayton & Ironton R.R. bonds, 
Cin., Hamilton & Dayton R.R. bonds, 
Columbus & Toledo R.R. bonds, 
Connecticut River R.R. scrip, . 



Par Value. 

$2,000 00 

18,000 00 

50,000 00 

50,000 00 

22,000 00 

44,750 00 

30,000 00 

50,000 00 

50,000 00 

25,000 00 

13,000 00 

25,000 00 

25,000 00 

13,000 00 

25,000 00 

31,793 00 

100,000 00 

7,000 00 

30,000 00 

50,000 00 

25,500 00 

4,000 00 

2,000 00 

8,000 00 

20,000 00 

20,000 00 

49,070 00 

100,000 00 

25,000 00 

75,000 00 

20,000 00 

94,000 00 

37,000 00 

25,000 00 

26,000 00 

50,000 00 

60,000 00 

183,000 00 

135,000 00 

190,000 00 

25,000 00 

160,000 00 

133,000 00 

25,000 00 

25,000 00 

82,000 00 

94,000 00 

15,000 00 



Market Value. 

$2,100 00 

18,360 00 

59,500 00 

50,750 00 

20,900 00 

49,340 00 

32,700 00 

50,000 00 

53,000 00 

25,250 00 

13,260 00 

25,750 00 

25,000 00 

13,500 00 

26,750 00 

33,382 65 

78,000 00 

7,000 00 

30,000 00 

55,000 00 

25,500 00 

4,000 00 

2,040 00 

8,240 00 

20,000 00 

20,000 00 

52,014 20 

118,500 00 

28,000 00 

72,750 00 

28,000 00 

105,280 00 

31,450 00 

5,000 00 

25,175 00 

52,500 00 

82,200 00 

198,830 00 

168,750 00 

230,860 00 

27,500 00 

185,200 00 

157,780 00 

26,250 00 

28,375 00 

93,080 00 

108,820 00 

15,150 00 



114 



^ETNA INSURANCE CO. 



Dayton & Western R.R. bonds, 

Delaware & Hudson Canal Co. bonds, 

Flint & Pere Marquette R.R. bonds, 

Georgia R.R. & Banking Co. bonds, 

Hartford Street Railway Co. bonds, 

Harlem River & Port Chester R.R. bonds, 

Illinois Central R.R. bonds, 

Indianapolis & Vincennes R.R. bonds, 

Jeftersonville, Madison & Ind. R.R. bonds, 

Keokuk & Des Moines R.R. bonds, . 

Lake Shore & Michigan Southern R.R. bonds 

Louisville, New Albany & Chic. R.R. bonds, 

Louisiana & Missouri River R.R. bonds, . 

Lehigh Valley Terminal R.R. bonds, 

Lehigh Valley Railway Co. bonds, . 

Mahoning Coal R.R. bonds, 

Michigan Central R.R. bonds, . 

Minneapolis & St. Louis R.R. bonds, 

Minneapolis Union R.R. bonds, 

Morris & Essex R.R. bonds, 

New York Central & Hudson River R.R. bonds 

New York & Harlem R.R. bonds, . 

New York, Lake Erie & Western R.R. bonds, 

New England R.R. Co. bonds, . 

New York & New England R.R. bonds, . 

N. Y., New Haven & Hartford R.R. certificates 

New York, Susquehanna & Western bonds, 

Northwestern Union R.R. bonds, 

Norfolk & Western R.R. bonds, 

North Chicago Electric Railway Co. bonds, 

North Chicago Street R.R. Co. bonds, 

Oswego R.R. Bridge Co. bonds, 

Ohio & West Virginia R.R. bonds, . 

Pittsburgh, Fort Wayne & Chicago R.R. bonds 

Port Reading R.R. bonds, .... 

St. Paul, Minneapolis & Manitoba R.R. bonds 

St. Paul & Northern Pacific R.R. bonds, . 

St. Paul & Sioux City R.R. bonds, . 

Southern Pacific R.R. of California bonds, 

Southern Railway Co. bonds, . 

Terre Haute & Peoria R.R. bonds, . 

Toledo & Ohio Central R.R. bonds, . 

Vermont Valley R.R. bonds, . 

Wabash R.R. bonds, 

West Chicago Street R.R. Tunnel bonds, 
West Shore R.R. bonds, .... 
Willmar & Sioux Falls R.R. bonds, . 
400 shares American Telegraph & Cable Co., 



Par Value. 

$28,000 00 
25,000 00 
50,000 00 
25,000 00 
50,000 00 

150,000 00 

100,000 00 
50,000 00 
14,000 00 
40,000 00 

189,000 00 
25,000 00 
25,000 00 
50,000 00 
50,000 00 
30,000 00 
50,000 00 
50,000 00 
50,000 00 

135,000 00 

175,000 00 
10,000 00 
45,000 00 
50,000 00 
50,000 00 
75,000 00 
25,000 00 
25,000 00 
50,000 00 
25,000 00 
25,000 00 
50,000 00 
30,000 00 

196,000 00 
25,000 00 
25,000 00 
50,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
54,000 00 
25,000 00 
50,000 00 
50,000 «»0 
25,000 00 
40,000 00 



Market Value. 

631,080 00 
37,000 00 
52,250 00 
28,750 00 
51,000 00 

167,500 00 
98,000 00 
60/100 00 
15,960 00 
44,800 00 

206,010 00 
29,000 00 
20,250 00 
56,500 00 
55,000 00 
38,400 00 
54,500 00 
61,500 00 
66,500 00 

190,100 00 

199,500 00 
10,400 00 
63,000 00 
65,000 00 
59,500 00 

140,250 00 
27,500 00 
36,250 00 
65,000 00 
27,500 00 
26,500 00 
59,000 CO 
35,400 00 

272,400 00 
27,250 00 
35,000 00 
65,000 00 
32,500 00 
26,500 00 
26,500 00 
12,500 00 
26,000 00 
59,400 00 
28,250 00 
52,000 00 
56,000 00 
29,750 00 
38,400 00 



^tna insurance co. 115 

Par Value. Market Value. 

300 shares Gold & Stock Telegraph Co., . 830,000 00 $36,000 00 

300 " International Ocean Tel. Co., . 30,000 00 36,900 00 

1,000 " Northwest Telegraph Co , . . 50,000 00 62,500 00 

50 " Connecticut River Co 5,000 00 1,000 00 

10 " Underwriters 1 Salvage Co. of N.Y., 1,000 00 500 00 

500 " Albany & Susquehanna R.R. Co.,. 50,000 00 102,500 00 

500 " Bald Eagle Valley R.R. Co., . 25,000 00 51,250 00 

137 " Baltimore & Ohio R.R. Co., . . 13,700 00 10,275 00 

750 " CI., Cin., Chic. & St. Lo. R.R. Co., 75,000 00 80,250 00 

1,000 " Cleveland & Pittsburgh R.R. Co., . 50,000 00 92,500 00 

417 " Chic, Burl. & Quincy R.R. Co., . 41,700 00 50,874 00 

850 " Chic, Mil. & St. Paul R.R. Co., . 85,000 00 147,050 00 

350 " Chicago & Northwestern R.R. Co., 35,000 00 71,050 00 

330 " Chic, Rock Island & Pac R.R. Co., 33,000 00 34,980 00 

300 " Connecticut River R.R. Co., . . 30,000 00 82,500 00 

500 " Conn.&PassumpsicRiv.R.R.Co., 50,000 00 52,500 00 

300 " Dayton & Michigan R.R. Co., . 15,000 00 30,000 00 

200 " Delaware & Bound Brook R R. Co., 20,000 00 39,000 00 

500 " Fort Wayne & Jackson R.R. Co., . 50,000 00 72,500 00 

100 " Georgia R.R. and Banking Co., . 10,000 00 21,000 00 

100 " Joliet & Chicago R.R. Co., . . 10,000 00 18,000 00 

400 " Kal., Allegan & G. Rap. R.R. Co., . 40,000 00 59,200 00 

200 " Keokuk & Des Moines R.R. Co., . 20,000 00 3,500 00 

1,000 " Morris & Essex R.R. Co., . . 50,000 00 92,500 00 

800 " N. Y. Cent. & Hud. Riv. R R. Co., 80,000 00 108,800 00 

500 " New York & Harlem RR. Co., . 25,000 00 101,250 00 

1,875 " N. Y., N. Haven & Hart. R.R. Co., 187,500 00 395,625 00 

500 " Oswego & Syracuse R.R. Co., . 25,000 00 52,500 00 

1,000 " Pitts., Ft. Wayne & Chic. R.R. Co., 100,000 00 186,000 00 

150 " Peoria & Bureau Valley R.R. Co., 15,000 00 27,750 00 

1,000 " Rensselaer & Saratoga R.R. Co., . 100,000 00 200,000 00 

625 " St. Jo., So. Bend & South. R.R. Co., 62,500 00 8,750 00 

200 " Valley (New York) R.R. Co., . 20,000 00 26,000 00 

200 " ^tna Nat'l B'k, Hartford, Conn., . 20,000 00 35,000 00 

200 " American Nat'l B'k, Hart., Conn., 10,000 00 14,400 00 

400 " Charter Oak N'l B'k., Hart., Conn., 40,000 00 40,000 00 

188 " City B'k of Hartford, Hart., Conn., 18,800 00 21,808 00 

150 " Conn. Riv. BVg Co., Hart., Conn., 4,500 00 5,250 00 

35"0 " Farm. & Me. N'l B'k, Hart, Conn., 35,000 00 41,300 00 

300 " First National Bank, Hart., Conn., 30,000 00 36,000 00 

1,000 " Hart. National Bank, Hart, Conn., 100,000 00 138,000 00 

550 " National Exch. B'k, Hart., Conn., 27,500 00 35,750 00 

1,000 " Phoenix Nat'l Bank, Hart., Conn., 100,000 00 125,000 00 

550 " State Bank, Hart , Conn., . . 55,000 00 66,000 00 

400 " American Exch. Nat'l B'k,N. Y., . 40,000 00 76,000 00 

400 « Bank of the Manhattan Co., N. Y., 20,000 00 53,000 00 

300 " B'k of N. Y. N'l B'k'g Asso., N. Y., 30,000 00 78,000 00 

100 « Hanover National Bank, N. Y., . 10,000 00 75,000 00 



116 



tETNA INSURANCE CO. 



300 shares Imp. & Traders' Nat'l Bank,N. Y. 

100 " Market & Fulton Nat'l B'k, N. Y. 

700 " Merchants 1 National Bank, N.Y., 

120 " Merchants' Exch. Nat'l B'k., N.Y. 

1,200 " Mechanics' National Bank, N. Y. 

400 " Metropolitan National Bank (in 

liquidation), N. Y., . 

200 " Nassau Bank, N. Y., . 

500 " National B'k of Commerce, N. Y. 

200 " Nat'l B'k of No. America, N. Y., 

150 " Nat'l Bank of the Republic, N. Y. 

300 " .N'l Butchers' & Drovers' Bk, N . Y. 

100 " National City Bank, N. Y., . 

300 " Phenix National Bank, N. Y., 

200 " People's Bank, N. Y., . 

100 " Third National Bank (in liqui 

dation), N. Y., . 

250 " Farmers' & Mech. Nat'l B'k, Phil. 

100 " First Nat'l Bank, Albany, N. Y., 

100 " New Britain N'l B'k, N. B., Conn. 

100 " Central Trust Co., N. Y., . 

100 " Holland Trust Co., N. Y., . 

100 " Metropolitan Trust Co., N. Y., 

150 " N. Y. Life Ins. & Trust Co., N. Y. 

100 " United States Trust Co., N. Y., 

100 " Union Trust Co., N. Y., 

84 " Brookl'n W'f . & Wareh'e Co., N. Y 



Par Value. 

$30,000 00 

10,000 00 

35,000 00 

6,000 00 

30,000 00 



10,000 00 

50,000 00 

20,000 00 

15,000 00 

7,500 00 

10,000 00 

6,000 00 

5,000 00 



25,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
15,000 00 
10,000 00 
10,000 00 
8,400 00 



Market Value. 

1157*600 00 

23,000 00 

61,250 00 

7,200 00 

63,000 00 

1,200 00 

17,000 00 

130,000 00 

41,000 00 

32,250 00 

7,275 00 

200,000 00 

6,660 00 

11,250 00 

3,000 00 

26,500 00 

14,200 00 

16,500 00 

210,000 00 

5,100 00 

45,000 00 

225,000 00 

165,000 00 

143,500 00 



$8,104,713 00111,420,613 85 



Securities held as collateral for cash loans : — 

25 shares National B'k of Commerce, N. Y., . 
25 " Mechanics' Nat'l Bank, N. Y., 
225 " St. Joseph, So. Bend & So'rn R.R., 



Market Value. Loaned Thereon 

$6,500 00 



1,312 50 
11,250 00 



$3,600 00 
7,500 00 



$19,062 50 $11,100 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, . 

Balance, 



31, 1899. 

$230,000 00 

15,600 00 

271 00 

11,420,613 85 

11,100 00 

3,318 43 

702,597 81 

454 58 

636,810 28 



-$13,020,765 95 
298,420 00 

$12,722,345 95 



^ETNA INSURANCE CO. 



117 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 
Return premiums, .... 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 

Income 

Fire premiums outstanding Dec. 31, 1898 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1898, 

Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Deposits received for perpetual fire risks 

Gross cash income, . 



$100,087 17 

378,015 39 

18,746 23 

$496,848 79 
85,215 46 

$411,633 33 
3,212,271 54 
66,583 28 
69,761 71 
34,729 36 
57,570 80 
13,862 14 

$3,866,412 16 
38,724 08 



$3,827,688 08 

. $8,894,657 87 
. 4,000,000 00 

. $4,894,657 87 



$534,956 72 
4,571,526 07 

$5,106,482 79 
543,779 69 

$4,562,703 10 
903,420 35 

$75,784 79 
396,427 72 

$472,212 51 
93,030 59 

$379,181 92 
122,214 04 



sources, . 

$4,178 28 



1,659,282 75 



256,967 88 
1,138 78 

510,517 83 
4,949 69 



. $4,432,856 93 



118 



^ETNA INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . - 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local- taxes, 

for incidentals, 

Deposits returned on perpetual fire risks, 

Gross cash expenditures, . , . . . 



$2,672,513 
401,509 



75 
88 



$245,464 
73,133 



57 
26 



$2,271,003 87 



172,331 31 
720,000 00 
639,194 93 
288,539 86 
119,729 59 
303,617 05 



$1,323 25 



. $4,514,416 61 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total,. 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Perpetual risks in force (not incl'd above), 

Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 

Total, • . 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$553,225,998 00 

411,164,794 00 

$964,390,792 00 

378,015,637 00 

$586,375,155 00 

54,361,122 00 

1532,014,033 00 

$3,028,128 00 

$6,226,316 00 

142,632,342 00 

$148,858,658 00 

141,952,174 00 

$6,906,484 00 

1,244,112 00 



Premiums. 

$6,352,442 54 
4,571,526 07 

>10,923,968 61 
4,317,339 08 

$6,606,629 53 
580,469 20 

$6,026,160 33 

$70,087 65 

$155,728 56 
396,427 72 

$552,156 28 
370,880 24 

$181,276 04 
28,661 45 



$5,662,372 00 $152,614 59 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (18 per cent), 
Company's stock owned by directors, .... 



$155,657,904 00 

85,641,084 00 

2,247,302 00 

158,681 00 

25,073,365 00 

720,000 00 

217,000 00 



AGRICULTURAL INSURANCE CO. 



119 



"AGRICULTURAL INSURANCE COMPANY," WATERTOWN, N. Y. 

[Incorporated 1853.* Commenced business February, 1853.] 

Paid-up Capital, $500,000. 

A H. SAWYER, President. W. H. STEVENS, Secretary. 



Detailed Statement of Stocks 



City of Richmond, Va., bonds, . 

Batopilas Mining Co. bonds, . 

Elwood Silk Manufacturing Co. bonds, 

Jefferson Power Co. bonds, 

United States bonds, 

Brownville Paper Co. bonds, . . 

State of Georgia bonds, . 

Union Pacific Railroad bonds, . 

Lehigh & Hudson River Railway bonds, 

St. Regis Paper Co. bonds, 

Consolidated Water Co. of Utica, N. Y., bonds 

N. Y. Central & Hudson River R.R. stock, 

Western Union Telegraph stock, 

Watertown National Bank stock, 

National Union Bank stock, 

Jefferson County National Bank stock, . 

National Bank & Loan Co. stock, 

Excelsior Carriage Co. stock, . 

Chicago, Milwaukee & St. Paul Railway stock 

Adams & Duford Co. stock, 

Union Building & Loan Co. stock, . 

Cleveland Savings & Loan Co. stock, 

Union Pacific Railroad stock, . 

International Paper Co. stock, . 

Hun gerford -Hoi brook Co. stock, 

Watertown Carriage Co. stock, 

City of Watertown acceptances, 

Securities held as collateral for cash loans : 

Real estate mortgages, .... 
National Bank of Fayetteville, N. Y., stock, 
International Paper Co. stock, . 
Watertown National Bank stock, 
International Paper Co. stock, . 
Real estate mortgages, 
Titus Sheard Co. stock, 
N'l Herkimer Co. B'k, Little Falls, N. Y., stock 
Toledo & Ohio Central Railroad stock, . 
Little Falls & Dolgeville Railroad bonds, 



and Bonds. 

Par Value. 

$27,000 00 
200 00 

1,000 00 
40,000 00 
60,000 00 

4,000 00 
15,000 00 

2,000 00 

5,000 00 
35,000 00 
10,000 00 
20,000 00 
108,500 00 
10,500 00 
21,360 00 

1,760 00 
10,000 00 

2,500 00 
30,000 00 

5,000 00 
10,000 00 

5,000 00 

1,000 00 
50,000 00 
25,200 00 

7,000 00 

1,500 00 



Market Value. 

f 25,1 10 00 
200 00 

1,000 00 
42,000 00 
68,100 00 

4,000 00 
17,700 00 

2,080 00 

5,100 00 
35,000 00 
10,500 00 
26,500 00 
93,038 75 
21,525 00 
36,045 00 

4,400 00 
12,000 00 

2,500 00 
35,400 00 

5,000 00 
10,000 00 

5,000 00 

747 50 

33,875 00 

25,200 00 

3,500 00 

1,500 00 



,520 00 $527,021 25 



Market Value. Loaned Thereon. 



)0> 
7 bS 



$33,860 90 
1,667 50 

18,021 50 
2,050 00 
4,009 75 

27,479 24^ 

32,000 00 | 
7,920 00 } 

10,000 00 j 
5,000 00 J 



$30,804 76 

338 61 

13,000 00 

3,650 00 



40,500 00 



* Organized as mutual, 1853; incorporated as stock, 1863. 



120 



AGRICULTURAL INSURANCE CO. 



Union Carriage and Gear Co. stock, 

Brownville Paper Co. stock, 

Brockway Sons Co. stock, 

Taggart's Paper Co. stock, 

Felts Mills Paper Co. stock, 

Wendler Machine Co. bonds, . 

Deeds of real estate, 

Western Union Telegraph stock, 

N. Y. Central & Hudson River R.R. stock, 

American Bell Telephone stock, 

International Paper Co. bonds, 

Paid-up life insurance policy, . 

Deeds of real estate, . 

National Union Bank, Watertown, N. Y., stock 

Knowlton Brothers, incorporated, stock, . 

Nat'l Union Bank, Schenectady, N. Y., stock, 

Hungerford-Holbrook Co. stock, 

Bagley & Sewall Co. stock, 

H. Remington & Son Pulp & Paper Co. bonds 

Harmon Machine Co. stock, 

Atchison, Topeka & Santa Fe R.R. stock, 

International Paper Co. stock, . 

Outterson Paper Co. stock, 

E. W. Bliss Co. stock 

International Paper Co. stock, . 

Rome, Watertown & Ogdensburg R.R. stock, 

Kan. City, St. Joseph & Coun. Bluffs R.R. b'ds, 



Market Value. 

$500 00 

5,000 00 

10,000 00 

10,500 00 

15,600 00 

7,800 00 

1,500 00 

11,147 50 

4,372 50 

8,256 00 

10,500 00 

2,000 00 

6,000 00 

1,350 00 

10,000 00 

7,500 00 

2,200 00 

23,700 00 

2,500 00 

9,000 00 

6,150 00 

1,355 00 

30,000 00 

38,412 00 

6,775 00 

3,900 00 

6,000 00 



Loaned Thereon. 

|210 00 

3,000 00 
8,000 00 
2,000 00 
5,000 00 
7,054 24 
1,000 00 

] 

[ 20,137 40 

J 

646 00 

3,000 00 

1,000 00 

5,000 00 

5,000 00 

2,200 00 

10,000 00 

2,000 00 

I 11,750 00 

1,000 00 

10,000 00 

12,000 00 

5,000 00 

3,000 00 

5,000 00 



$384,026 89 $211,291 01 



Summary of Assets Dec. 31, 1899. 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, .... 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Reinsurance due on losses paid, 

Prem's more than three mos. due, $4,522 32 

Gross assets, 

Deduct special deposits in other States, . 



Balance, $2,132,123 15 



$331,955 00 

819,056 81 

23,769 98 

527,021 25 

211,291 01 

38,150 89 

106,296 47 

12,387 81 

169,044 71 

4,059 22 



$2,243,033 15 
110,910 00 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$997,221 00 
674,579 00 
628,775 00 



AGRICULTURAL INSURANCE CO. 



121 



Liabilities. 

Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Commissions and brokerage, 

Reinsurance, 

Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, .... 



$48,265 68 

74,417 00 

13,361 00 

$136,043 68 

44,203 41 

$91,840 27 

919,811 80 

240 00 

28,413 83 

36,441 00 

27,075 19 

1,103,822 09 

61,515 00 



$1,042,307 09 

$1,089,816 06 
500,000 00 



Surplus over capital, $589,816 06 

Income. 

Fire premiums outstanding Dec. 31, 1898, . $168,242 76 

Same not collected, 3,788 28 

Net collected, $164,454 48 

Premiums on risks written or renewed, . . 1,319,424 14 

Total $1,483,878 62 

Premiums now in course of collection, . . 173,567 03 



Entire premiums collected, .... $1,310,31159 
Less reinsurance and return premiums, . . 432,817 58 

Net cash fire premiums received, . . . — < 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, 



$877,494 01 

48,668 08 

26,552 25 

5,915 08 



Gross cash income, $958,629 42 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 



$888,587 54 
316,240 06 



$572,347 48 
49,765 00 



122 



ALBANY INSURANCE CO. 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for miscellaneous, .... 
for expense on real estate, 



Gross cash expenditures, 



£172,132 12 

93,376 41 

36,152 87 

68,113 89 

1,459 17 

$993,346 94 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$293,693,200 00 $2,453,719 00 
155,256,500 00 1,319,424 00 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$448,949,700 00 $3,773,143 00 
197,096,900 00 1,583,896 00 



$251,852,800 00 $2,189,247 00 
34,436,600 00 311,304 00 



$217,416,200 00 $1,877,943 00 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Company's stock owned by directors, .... 



123,744,949 00 

11,642,726 00 

570,110 00 

1,280,000 00 

50,000 00 

97,400 00 



"ALBANY INSURANCE COMPANY," ALBANY, N. Y. 

[Incorporated March 8, 1811. Commenced business March 16, 1811. Reorganized June 1, 1881.] 

Paid-up Capital, $260,000. 
JOHN HOWARD KING, President. CHARLES H. HAHN, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Watervliet Turnpike and R.R. bonds, . . $ 6,000 00 $7,200 00 

Albany & Susquehanna R.R. bonds, " . . 25,000 00 29,250 00 

N. Y. Central & Hudson River R.R. bonds, . 34,000 00 37,230 00 

Wabash R.R. bonds, 25,000 00 28,100 00 

Municipal gas bonds, Albany, N. Y., . . 2,000 00 2.220 00 

Union R.R. Co., N. Y., bonds, .... 10,000 00 11,800 00 

St. Louis & San Francisco bonds, . . . 10,000 00 11,000 00 

Ann Arbor R.R. bonds, 10,000 00 9,000 00 

People's Gas Co. consol , Chicago, bonds, . 10,000 00 12,000 00 

Western New York & Pennsylvania R.R. bonds, 15,000 00 16,725 00 



$147,000 00 $164,525 00 



ALBANY INSURANCE CO. 



123 



Summary of Assets Dec. 31, 1899. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



$75,000 00 

234,250 00 

1,221 64 

164,525 00 

1,474 41 

2,630 18 

5,294 30 

511 90 



$484,907 43 



Liabilities. 

Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$778 00 

5,910 00 

2,300 00 

61,836 35 

1,190 89 



Surplus over capital, . 



72,015 24 

. $412,892 19 
250,000 00 

. |162,892 19 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Income from agency, .... 



$7,402 64 
348 19 

$7,054 45 
90,232 52 

$97,286 97 
5,294 30 

$91,992 67 
14,486 16 



sources, 



$77,506 51 

11,878 63 

7,332 51 

6,104 52 

4,008 93 



Gross cash income, $106,831 10 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$165,150 00 
351,300 00 
280,600 00 



124 



AMERICAN INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, $52,508 90 

Deduct salvage and reinsurance, . . . 1,520 46 

Net cash paid for fire losses, .... $50,988 4-4 

Cash dividends paid, 20,000 00 

Cash paid for commissions and brokerage, .... 14,279 13 

for salaries of officers and employees, . . . 9,992 02 

for State and local taxes, 6,624 76 

for rent 1,500 00 

for real estate, 2,725 39 

for incidentals, 2,483 25 

Gross cash expenditures, $108,592 99 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, . 

Net amount in force, . 



.813,967,081 00 
. 10,016,296 00 

. §23,983,377 00 
. 9,057,439 00 

.$14,925,938 00 
922,088 00 



Preminms. 

$122,051 92 
90,232 52 

$212,284 44 
84,794 36 

$127,490 08 
7,961 13 



.$14,003,850 00 $119,528 95 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from reorganization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



$1,739,695 00 

955,345 00 

54,278 00 

385,000 00 

20,000 00 

52,850 00 



"AMERICAN INSURANCE COMPANY,' 1 NEWARK, N. J. 

[Incorporated Feb. 20, 1846. Commenced business April 1, 1846.] 

Paid-up Capital, $600,000. 

E. O. DOREMUS, President. J. H. WORDEN, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Valae. Market Value. 

United States bonds, $200,000 00 $200,000 00 

North Hudson County, N. J., bonds, . . 100,000 00 107,000 00 

United New Jersey R.R. and Canal Co. bonds, 100,000 00 109,000 00 

Morris & Essex Railroad bonds, . . . 100,000 00 136,000 00 

Lehigh Valley Railroad bonds, . . . 110,000 00 119,900 00 



AMERICAN INSURANCE CO. 



125 



Long Dock (Jersey City) bonds, 

Newark Gas Company bonds, . 

Madison, N. J., township bonds, 

New York & Greenwood Lake R'y bonds, 

Consolidated Traction Co. bonds, 

N. Y., Susquehanna & Western R.R. bonds, 



Par Value. 

$125,000 00 

60,000 00 

31,000 00 

100,000 00 

118,000 00 

15,000 00 



Market Value. 

|162,500 00 

75,600 00 

31,000 00 

105,000 00 

126,260 00 

16,500 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross) 
Notes taken for fire and tornado risks, 
Rents due and accrued, 
Reinsurance due on losses paid 
American Ins. Co. stock, . . $175,000 00 
Prem's more than three mos. due, 3,350 11 

Gross assets, 



$1,059,000 00 $1,188,760 00 

31, 1899. 

$272,859 29 

1,750,261 75 

27,069 77 

1,188,760 00 

2,266 54 

75,688 64 

12,660 41 

148,965 11 

55,267 57 

1,501 23 

7,844 40 



$3,543,144 71 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding 
Dividends to stockholders unpaid, 
Dividends to policy holders unpaid, 
Commissions and brokerage, . 
Due for reinsurance, . 
Due for agents' fees, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, 



Surplus over capital, . 



risks 



,767 14 
113,031 51 
2,000 00 

$126,798 65 
40,094 01 



1,704 64 
1,415,791 42 
3,372 60 
1,175 00 
20,254 56 
3,917 20 
1,386 23 



1,532,601 65 



. $2,010,543 06 
600,000 00 



. $1,410,543 06 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$2,009,750 00 
2,418,965 00 
2,089,675 00 



126 



AMERICAN INSURANCE CO. 



Income. 
Fire premiums outstanding Dec. 31, 1898, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 



Gross cash income, 



other 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employee 
for State and local taxes, 
for incidentals, 



Gross cash expenditures, 



$56,660 68 

1,195 21 

$55,465 47 

1,456,642 99 

$1,512,108 46 

207,582 79 

§1,304,525 67 

295,169 94 



sources, 



$1,009,355 73 

84,787 34 

55,713 35 

2,797 11 

$1,152,653 53 



£457,235 06 
67,935 47 



*, 



$389,299 59 
61,690 00 
147,818 42 
66,241 22 
31,946 85 
63,357 87 

§760,353 95 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

8274,975,390 00 §2,998,818 54 
260,005,996 00 1,456,642 99 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



§534,981,386 00 §4,455,461 53 
249,460,454 00 1,461,126 27 



§285,520,932 00 §2,994,335 26 
26,289,215 00 321,974 40 



§259,231,717 00 §2,672,360 86 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



§11,924,536 00 

4,918,927 00 

448,571 00 

2,287,385 00 

60,000 00 

43,435 00 



AMERICAN CENTRAL INSURANCE CO. 



127 



"AMERICAN CENTRAL INSURANCE COMPANY," ST. LOUIS, MO. 

[Incorporated February, 1853. Commenced business February, 1853.] 

Paid-up Capital, $600,000. 

GEORGE T. CRAM, President. JNO. H. ADAMS, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

St. Louis Merchants' Bridge Co. bonds, . . $85,000 00 $95,200 00 

Union Depot R.R. Co. bonds 75,000 00 90,000 00 

United States consols, 75,000 00 84,750 00 

Laclede Gas Light Co. bonds, .... 52,000 00 53,600 00 

St. Louis & San Francisco R.R. bonds, . . 30,000 00 32,400 00 

St. Louis, C, B. & O. Railway bonds, . . 18,000 00 19,250 00 

St. Louis County Park bonds, .... 15,000 00 16,950 00 

Missouri Electric Light & Power Co. bonds, . 20,000 00 23,600 00 

School District No. 1, Cass Co., 111., bonds, . 2,000 00 2,000 00 

St. Louis, I. M. & S. R.R. Co. bonds, . . 25,000 00 27,000 00 

National Bank of Commerce, St. Louis, stock, . 300,000 00 675,000 00 

Mechanics' Bank, St. Louis, stock, . . . 16,600 00 33,200 00 

Boatmen's Bank, St. Louis, stock, . . . 10,000 00 18,000 00 

Laclede Gas Light Co., St. Louis, stock, . . 4,800 00 4,800 00 



Securities held as collateral for cash loans : — 

500 shares Broadway Real Est. Co., St. L., Mo., 
100 " N'l B'k of Commerce, St. Louis, . 



$728,400 00 $1,175,750 00 



Market Value. Loaned Thereon. 

$50,000 00 $25,000 00 
22,500 00 5,500 00 



$72,500 00 $30,500 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, . 

Premiums in course of collection (gross) 

Gross assets, .... 
Deduct special deposits in other States, 



Balance, $1,874,824 10 



31, 1899. 

$500,000 00 

45,703 45 

1,175,750 00 

30,500 00 

3,178 73 

57,667 17 

128,524 75 



$1,941,324 10 
66,500 00 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$117,500 00 
43,500 00 
20,200 00 



128 AMERICAN CENTRAL INSURANCE CO. 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding 
Commissions and brokerage, . 
Reinsurance disallowed, . 



$26,819 07 
65,947 49 
10,737 18 

. $103,503 74 
29,724 53 

$73,779 21 

risks, . 693,744 79 

19,278 71 

23,653 57 



Gross liabilities, except capital, . . $810,456 28 

Deduct liability on special deposits, . . 7,206 44 



$803,249 84 

Surplus as regards policy holders, $1,071,574 26 

Paid-up capital, 600,000 00 



Surplus over capital, $471,574 26 

Income. 

Fire premiums outstanding Dec. 31, 1898, . $111,992 47 
Premiums on risks written or renewed, . . 1,049,146 00 



Total, $1,161,138 47 

Premiums now in course of collection, . . 128,524 75 



Entire premiums collected, .... $1,032,613 72 
Less reinsurance and return premiums, . . 204,402 15 

Net cash fire premiums received, . . . $828,211 57 

Interest and dividends received from all other sources, . . 63,601 02 
Income from rents, 14,839 27 



Gross cash income, §906,651 86 

Expenditures. 

Cash paid for fire losses, $599,320 17 

Deduct salvage and reinsurance, . . . 68,699 98 

Net cash paid for fire losses, .... $530,620 19 

Cash dividends paid, 60,000 00 

Cash paid for commissions and brokerage, .... 136,942 63 

for salaries of officers and employees, . . . 74,161 08 

for State and local taxes, 24,721 70 

for miscellaneous, 144,611 29 



Gross cash expenditures, $971,056 89 



AMERICAN FIRE INSURANCE CO. 



129 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$112,958,529 
. 87,427,251 



Premiums. 

00 $1,342,684 83 
00 1,049,146 00 



$200,385,780 
81,660,114 



00 $2,391,830 83 
00 1,018,752 40 



$118,725,666 
2,495,360 



00 $1,373,078 43 
00 28,602 22 



$116,230,306 00 $1,344,476 21 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, 



$20,703,432 00 

10,429,444 00 

531,883 00 

1,406,412 00 

60,000 00 

97,775 00 



"AMERICAN FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April 30, 1857. Commenced business May 1, 1857.] 
Paid-up Capital, $400,000. 
GEO. 8. A. YOUNG, President. WALTER 8. ALLEY, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $200,000 00 $220,000 00 

State of Georgia bonds, 25,000 00 28,125 00 

City of Brooklyn bonds, 100,000 00 104,000 00 

City of New York school-house bonds, . . 100,000 00 105,500 00 

City of Richmond bonds 20,000 00 20,600 00 

Detroit City Gas Co. bonds, .... 35,000 00 34,300 00 

Baltimore & Ohio R.R. bonds, .... 4,000 00 3,940 00 

Central Pacific Railway Co. bonds, . . . 100,000 00 82,000 00 

Illinois Central R.R. bonds, .... 53,000 00 53,075 00 

Louisville & Nashville R.R. Co. bonds, . . 2,000 00 2,300 00 

N. Y. Central & Hudson River R.R. Co. cert's, 5,000 00 5,150 00 

Pennsylvania Co. bonds, 3,000 00 3,375 00 

St. Louis, Iron Mt. & Southern Ry. Co. bonds, 35,000 00 38,500 00 

Standard Gas Co. stock, 21,600 00 25,600 00 

Chic, Mil. & St. Paul Ry. Co. stock, . . 50,000 00 58,750 00 

Cleve., Cin., Chic. & St. Louis Ry. Co. stock, . 50,000 00 51,500 00 

Illinois Central Railroad stock, . . . 50,000 00 56,125 00 

Northern Pacific Railway stock, . . . 50,000 00 37,000 00 

Pennsylvania Railroad Co. stock, . . . 50,000 00 65,000 00 

Union Pacific Railroad Co. stock, . . . 50,000 00 37,500 00 



$1,003,600 00 $1,032,340 00 



130 



AMERICAN FIRE INSURANCE CO. 



Securities held as collateral for cash loans : — 

25 shares Hanover National Bank, . 

30 " Union Trust Co., .... 



Market Value. Loaned Thereon. 

$17,500 00 $10,000 00 
42,000 00 15,000 00 



Summary of Assets Dec. 31, 1899. 



Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, .... 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Reinsurance due on losses paid, 

Prem's more than three mos. due, . $2,752 60 

Gross assets,f 

Deduct special deposits in other States, . 



$14,500 00 

83 42 

1,032,340 00 

25,000 00 

3,771 27 

116,581 02 

3,456 66 

246,682 42 

7,248 31 



$59,500 00 $25,000 00 



$1,449,663 10 
158,725 00 



Balance, $1,290,938 10 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Reinsurance and return premiums, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



$35,425 75 

79,529 47 

6,610 36 

$121,565 58 
13,882 49 

$107,683 09 

549,222 73 

54,500 68 

8,587 33 

954 54 

1720,948 37 
55,684 92 



665,263 45 



Surplus as regards policy holders, $625,674 65 

Paid-up capital, 400,000 00 

Surplus over capital, $225,674 65 

* Value of property mortgaged, $36,000 00 

Amount of Insurance held as collateral, .... 14,500 00 

t Including $200,000 special reserve fund held under New York law. 



AMERICAN FIRE INSURANCE CO. 



131 



Income. 

Fire premiums outstanding Dec. 31, 1898, . $142,979 38 

Same not collected, 6 61 

Net collected, $142,972 77 

Premiums on risks written or renewed, . . 1,200,235 17 

Total, $1,343,207 94 

Premiums now in course of collection, . . 249,435 02 



. |1,093,772 92 
299,606 07 



Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, 

Expenditures. 

Cash paid for fire losses, $563,195 77 

Deduct salvage and reinsurance, . . . 77,055 61 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for rents, 

for miscellaneous, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



$794,166 85 

725 00 

36,368 90 

$831,260 75 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$117,103,257 00 
165,463,094 00 

$282,566,351 00 
125,580,506 00 

$156,985,845 00 
17,747,680 00 



,140 16 

154,760 54 

58,374 83 

23,743 78 

8,785 17 

44,715 39 

$776,519 87 



Premiums. 

$817,383 50 
1,200,235 17 

52,017,618 67 
842,956 12 

11,174,662 55 
135,914 16 



$139,238,165 00 $1,038,748 39 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Company's stock owned by directors, . 



$15,475,666 00 

8,708,483 00 

519,577 00 

1,472,000 00 

20,000 00 



132 



AMERICAN FIRE INSURANCE CO. 



"AMERICAN FIRE INSURANCE COMPANY," PHILADELPHIA, PA. 

[Incorporated Feb. 28, 1810. Commenced business March 12, 1810.] 

Paid-up Capital, $500,000. 

THOMAS H. MONTGOMERY, President. RICHARD MARIS, Secretary. 



Detailed Statement of Stocks and Bonds. 



Philadelphia & Reading R.R. bonds, 
Steubenville & Indiana R.R. bonds, . 
Belt Road and Stock Yards bonds, . 
Chicago & Western Indiana R.R. bonds, . 
Virginia & Tennessee R.R. bonds, . 
State of Georgia bonds, .... 
Huntingdon & Broad Top Mount. R.R. bonds, 
Lehigh Valley R.R. bonds, 
Mortgage Trust Co. of Penn. debentures, . 
Middlesex Banking Co. debentures, . 
Northern Central Railway bonds, . 
Northern Pacific R.R. bonds, . 
Penn. & New York Canal and R'y Co. bonds, 
City of Portland water bonds, . 
Wheeling & Lake Erie R.R. bonds, . 
Hughesville water bonds, .... 
Pitts., Cin., Chic. & St. Louis R.R. bonds, 
Springfield water bonds, .... 
Camden & Atlantic R.R. bonds, 
Pittsburg, Chartiers & Yough. R.R. bonds, 
Omaha Loan & Trust Co. debentures, 
Norfolk & Western Car Trust bonds, 
Ashtabula & Pittsburgh R.R. bonds, 
Seaboard & Roanoke R.R. bonds, 
Electric & People's Traction Trust certificates 
Berwyn water bonds, .... 
Second Avenue Traction Co., Pitts., bonds, 
United Traction Co., Pittsburgh, bonds, . 
Glenwood Highway Bridge Co. bonds, . 
North Western Guaranty debentures, 
Pittsburgh, Cincinnati & St. Louis R.R. bonds 
Louisville & Nashville R.R. bonds, . 
36 shares Philadelphia Bourse, 
150 M NorthernPaeificR.il., . 
600 " Cambria Iron Co., . 



l'ar Value. 

$87,000 00 
21,000 00 
20,000 00 

7,000 00 
25,000 00 
25,000 00 
20,000 00 
76,000 00 
25,000 00 
25,000 00 
15,000 00 
15,000 00 
50,000 00 
50,000 00 
15,000 00 
20,000 00 
30,000 00 
10,000 00 
15,000 00 
24,000 00 
10,000 00 
12,000 00 
15,000 00 
20,000 00 
35,000 00 
10,000 00 
11,000 00 
25,000 00 
10,000 00 
28,500 00 

9,000 00 
20,000 00 

1,375 00 
15,000 00 
25,000 00 



Market Value. 

$79,785 00 
23,730 00 
23,000 00 

7,350 00 
25,625 00 
29,750 00 
20,800 00 
88,495 00 
18,250 00 
25,000 00 
16,650 00 

9,862 50 
53,000 00 
57,500 00 
13,800 00 
20,000 00 
34,200 00 

9,850 00 
16,500 00 
23,780 00 
10,000 00 
12,000 00 
17,400 00 
20,900 00 
34,125 00 
10,000 00 
12,815 00 
28,000 00 
11,200 00 
11,400 00 

9,315 00 

19,600 00 

308 75 

11,100 00 

21,250 00 



1821,875 00 $826,341 25 



AMERICAN FIRE INSURANCE CO. 



133 



Securities held as collateral for cash loans : — 



Lehigh Coal & Navigation Co. bonds, 

400 shares Bethlehem Steel Co., 

110 

110 

366 

100 

100 

100 

500 



Union Trust Co., 

N. Y. and Middle Coalfield Co., 

Merchants 1 Trust Co., 

United Traction Co., Pittsburgh, 

Welsbach Light Co., 

Consol. Traction Co., Pittsburgh, 

Cambria Steel Co., . 
United Railway Trust certificates, . 
5 shares Fourth Street Nat'l B'k, Philadelphia, 



Market Value. 

$3,900 00 
7,200 00^ 
4,950 00 
2,200 00 
4,758 00 
4,700 00 } 
4,600 00 
6,100 00 
10,250 00 
17,820 00 J 
865 00 



Loaned Thereon. 

$2,500 00 



50,000 00 



600 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 

Gross assets, 

Deduct special deposits in other States, . 



Balance, $2,568,941 18 



$67,343 00 $53,100 00 

31, 1899. 

$408,451 74 

1,011,477 71 

21,455 85 

826,341 25 

53,100 00 

9,246 08 

153,983 44 

62 50 

120,003 13 

22,319 48 

$2,626,441 18 

57,500 00 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, . 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



>,581 36 

103,208 24 

4,595 92 

979,300 31 

569,820 94 

18,000 05 

3,412 21 

,740,919 03 

10,397 14 



1,730,521 89 

1838,419 29 
500,000 00 

$338,419 29 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$1,094,622 00 

1,222,587 00 

835,730 00 



184 



AMERICAN FIRE INSURANCE CO. 



Income 

Fire premiums outstanding Dec. 31, 1898 
Premiums on risks/vritten or renewed, 

Total 

Premiums now iiTcourse of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from all other sources, . 

Deposits received for perpetual fire risks 



$115,683 92 
1,592,447 75 

fl,708,131 67 
120,003 13 

$1,588,128 54 
388,886 45 



sources, 



$1,199,242 09 
56,170 88 
43,085 21 
10,186 63 
11,612 01 



$20,971 94 



Gross cash income, . f 1,320,296 82 



Expenditures. 

Cash'paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . . - 

Cash dividends paid, ...... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for incidentals, 

for expense on real estate, 
Deposits returned on perpetual fire risks, 

Gross cash expenditures, .... 



$1,032,187 41 
174,673 45 



$17,313 04 



$857,513 96 

40,000 00 

255,597 98 

115,620 00 

44,257 32 

6,000 00 

78,175 74 

9,275 80 



. ? 1,406,440 80 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, . 



Risks and Premiums. 

Premiums. 

$178,805,751 00 $1,984,403 26 
140,846,046 00 1,592,447 75 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, .... 

Perpetual risks in force (not incPd above) , 



$319,651,797 00 $3,576,851 01 
129,000,387 00 1,475,138 64 



$190,651,410 00 $2,101,712 37 
13,864,173 00 151,625 32 



$176,787,237 00 $1,950,087 05 
$23,238,872 00 $623,325 73 



UNDERWRITERS AT AMERICAN LLOYDS. 



135 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 percent.), . 
Company's stock owned by directors, .... 



$35,752,353 00 

21,010,699 00 

878,186 00 

2,848,936 00 

40,000 00 

17,800 00 



"UNDERWRITERS AT AMERICAN LLOYDS," NEW YORK. 

[Commenced business April, 1890.] 
GEORGE A. STANTON, Attorney and Manager. 



Detailed Statement of Stocks 



United States bonds, 

New York city bonds, .... 
Brooklyn city (East River Bridge) bonds, 
West Shore R.R. bonds, .... 
Pitts., Cin., Chicago & St. Louis R.R. bonds, 

Indiana State bonds, 

Massachusetts State bonds, 



and Bonds. 

Par Value. 

$100,000 00 
175,000 00 
50,000 00 
40,000 00 
25,000 00 
30,000 00 
30,000 00 



Market Value. 

$113,000 00 
177,406 25 
54,375 00 
44,800 00 
25,875 00 
30,000 00 
33,262 50 



$450,000 00 $478,718 75 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Prem's more than three mos. due, . $851 72 
Gross assets, 



31, 1899. 

$478,718 75 
4,739 80 

36,058 25 
2,705 26 

41,772 49 



Liabilities. 



Losses adjusted, unpaid, 
Less reinsurance, 



$2,638 94 
18 21 



Net amount of unpaid losses, .... $2,620 73 

Unearned premiums on outstanding risks, . 91,162 49 

Commissions and brokerage, .... 10,443 12 

Return premiums and reinsurance, . . . 5,071 24 

Reinsurance disallowed, 2,598 41 

Gross liabilities, except subscribers' deposits, 

Surplus as regards policy holders, 

Subscribers' deposits paid up, 

Surplus over capital, 



$563,994 55 



111,895 99 

$452,098 56 
102,000 00 

$350,098 56 



136 



UNDERWRITERS AT AMERICAN LLOYDS. 



Income. 

Fire premiums outstanding Dec. 31, 1898, . $37,389 86 

Premiums on risks written or renewed, . . 231,836 78 

Total $269,226 64 

Premiums now in course of collection, . . 42,624 21 

Entire premiums collected, .... $226,602 43 

Less reinsurance and return premiums, . . 41,996 79 

Net cash fire premiums received, . . . 

Interest and dividends received from all other sources, . 



$184,605 64 
16,654 26 



Gross cash income, $201,259 90 



Expenditures. 

Cash paid for fire losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 



$85,527 98 

46,844 13 

46,151 41 

3,020 00 

7,316 94 

3,171 13 



Gross cash expenditures, $192,031 59 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1898, . . $22,706,320 00 $183,068 02 
Fire risks written during 1899, . . . 29,104,935 00 231,836 78 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$51,811,255 00 $414,904 80 
27,880,439 00 223,764 61 



$23,930,816 00 $191,140 19 
1,093,122 00 8,815 21 



. $22,837,694 00 $182,324 98 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 



. $1,854,606 00 

718,014 00 

85,653 00 

199,399 00 



ARMENIA INSURANCE CO. 



137 



"ARMENIA INSURANCE COMPANY OF PITTSBURG, PA.," 

PITTSBURG, PA. 

[Incorporated March 22, 1872. Commenced business May 15, 1872.] 
Paid-up Capital, $250,000. 

ALBERT PITCAIRN, President. W. D. McOILL, Secretary. 






Detailed Statement of Stocks 

Westinghouse Machine Co. bonds, . 
Birm'ham, Allent'n & Knox. Tract. Co. bonds, 
100 shares National Lead Co., .... 
11 " Commercial National Bank, . 

Securities held as collateral for cash loans : — 

Birm'ham, Allent'n & Knox. Traction Co. b'ds, 
GO shares Workingman's Sav'gs B'k & T. Co., 
10 " Penn. Title & Insurance Co., . 

100 " People's Nat. Gas & Pipeage Co., . 

Birm'ham, Allent'n & Knox. Tract. Co. bonds, 

East Liverpool Bridge Co. bonds, 

100 shares Bank of Secured Savings, 
10 " Economy Distilling Co., . 

Loaned on company's own stock, . $5,000 00 



and Bonds. 

Par Value. 

$10,000 00 

15,000 00 

10,000 00 

1,100 00 



Market Value. 

$10,000 00 

15,375 00 

10,500 00 

1,265 00 



$36,100 00 $37,140 00 



Market Value. Loaned Thereon. 



$7,280 00 
9,000 00 
1,300 00 
2,100 00 
1,040 00 
3,300 00 
5,000 00 
5,000 00 



$5,000 00 
5,000 00 

3,000 00 

190 00 
2,450 00 
3,000 00 
2,500 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 



$34,020 00 $21,140 00 



81, 1899. 

$56,207 17 

283,527 00 

5,819 84 

37,140 00 

21,140 00 

1,024 34 

2,887 31 

350 00 

32,228 61 

483 00 



$8,475 00 

17,525 00 

142,841 74 



$440,807 27 



* Value of lands mortgaged $426,450 00 

Value of buildings thereon, 450,500 00 

Amount of insurance held as collateral, .... 258,15000 



138 



ARMENIA INSURANCE CO. 



Dividends to stockholders unpaid, . 
Due for borrowed money, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Impairment of capital, 



$1,527 00 

32,500 00 

5,813 06 

3,963 29 



|212,645 09 

$228,162 18 
250,000 00 

f 2 1,837 82 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Income from all other sources, . 



Gross cash income, 



Expenditures 

Cash paid for fire losses, .... 

Deduct reinsurance, . . . . . 

Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employee 

for State and local taxes, 

for incidentals, .... 



Gross cash expenditures, 



$32,392 72 
224,963 49 

$257,356 21 
32,228 61 

$225,127 60 
16,199 04 



sources, 



$166,331 55 
7,035 05 



s, 



$208,928 56 

17,896 31 

3,462 00 

3,006 37 

800 00 

$234,093 24 



$159,296 50 

9,620 00 

58,132 49 

7,640 00 

4,195 91 

13,094 05 

$251,978 95 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. $22,862,432 00 
. 17,900,375 00 



. $40,762,807 00 

. 16,658,900 00 

.$24,103,907 00 

. 1,333,720 00 



Premiums. 

$266,253 54 
224,963 49 

$491,217 03 
203,167 69 

$288,049 34 
15,685 45 



. $22,770,187 00 $272,363 89 



ASSURANCE COMPANY OF AMERICA, 



139 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
-Cash dividends declared from organization of company, 
Dividends declared during the year (4 percent.), . 
•Company's stock owned by directors, .... 



$2,011,192 00 

1,065,280 00 

167,459 00 

372,500 00 

10,000 00 

115,100 00 



"ASSURANCE COMPANY OF AMERICA," NEW YORK, N. Y. 

[Incorporated Feb. 25, 1897. Commenced business April 1, 1897.] 

Paid-up Capital, $200,000. 

ROBERT C. RATHBONE, President. R. BLEECKER RATHBONE, Secretary. 



Detailed Statement op Stocks and Bonds. 

Par Value. Market Value. 

. $400,000 00 $452,000 00 

25,000 00 28,125 00 



United States bonds, . 
Massachusetts State bonds, 



$425,000 00 $480,125 00 



Summary of Assets Dec. 31, 1899. 



Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Miscellaneous, 

Gross assets, 



$480,125 00 

27,917 88 

3,770 83 

39,125 40 

19 66 



$550,958 77 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Return premiums, .... 

Reinsurance, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, 



$22,167 00 

33,338 00 

250 00 

$55,755 00 
9,459 00 

$46,296 00 

119,620 81 

9,580 42 

2,502 86 

4,687 81 



182,687 90 

$368,270 87 
200,000 00 

$168,270 87 



140 



ASSURANCE COMPANY OF AMERICA. 



Income. 

Fire premiums outstanding Dec. 81, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Premiums on risks written or renewed, . 
Less reinsurance and return premiums, . 
Net cash marine premiums received, 
Interest and dividends received from all sources, 
Income from profit on sale of bonds, 



Gross cash income, 1180,543 65 



136,582 63 
307,215 11 

$343,797 74 
39,125 40 

$304,672 34 
146,837 63 

$40 65 
3 26 



$157,834 


71 


37 


39 


21,597 


16 


1,074 


39 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



$222,988 02 

94,866 83 

$11,802 98 

350 66 



$128,121 19 



11,452 32 

24,000 00 

50,129 75 

3,215 00 

6,494 69 

2,918 38 



Gross cash expenditures, $226,331 33 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1898, 
Deduct risks expired and terminated, 



. $24,448,004 00 
. 34,007,222 00 



.858,455,226 00 
. 28,873,121 00 

.$29,582,105 00 
. 4,402,307 00 



Premiums. 

$251,788 85 
307,215 11 

8559,003 96 
274,668 38 

8284,335 58 
52.442 62 



.$25,179,798 00 8231,892 96 



8149,036 00 
149,036 00 



$6,346 41 
6,346 41 



ATLANTIC MUTUAL INSURANCE CO. 



141 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, .... 



|688,611 00 

360,922 00 

148,629 00 

6,514 00 

54,000 00 

24,000 00 

78,600 00 



"ATLANTIC MUTUAL INSURANCE COMPANY," 
NEW YORK, N. Y. 

[Incorporated April 11, 1842. Commenced business July 1, 1842.] 
A. A. RAVEN, President. JOSEPH H. CHAPMAN, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value.* 

American Exchange Bank stock, . . . $90,000 00 $90,000 00 

Bank of America stock, 50,000 00 50,000 00 

Bank of Commerce stock, .... 64,100 00 64,100 00 

Bank of New York stock 94,200 00 94,200 00 

Leather Manufacturers' Bank stock, . . 25,600 00 25,600 00 

Merchants' Bank stock, 70,150 00 70,150 00 

Mechanics' Bank stock, 47,675 00 47,675 00 

Manhattan Company stock, .... 18,000 00 18,000 00 

Market & Fulton Bank stock, .... 30,000 00 30,000 00 

Phenix Bank stock, 82,140 00 82,140 00 

New York State stock, 400,000 00 400,000 00 

Atlantic Trust Co. stock, 151,000 00 151,000 00 

Consolidated Gas Co. stock, .... 50,000 00 50,000 00 

New York City stock, 791,600 00 808,660 00 

Long Island R.R. Co. stock, .... 50,000 00 15,000 00 

Pennsylvania R.R. Co. stock, . . 150,000 00 180,000 00 

N. Y., Lackawanna & Western R.R. stock, . 50,000 00 61,687 00 

Morris & Essex R.R. Co. stock, . . . 20,000 00 34,475 00 

Delaware, Lackawanna & Western R.R. stock, 100,000 00 159,212 00 

Chicago & North Western R'y Co. stock, . 100,000 00 160,000 00 

United States Mortgage & Trust Co. stock, . 10,000 00 26,420 00 

N Y. Central & Hudson River R.R. stock, . 660,000 00 528,000 00 

N. Y. Central & Hudson River R.R. bonds, . 234,000 00 222,825 00 

New York, Chicago & St. Louis R.R. bonds, . 200,000 00 150,000 00 

West Shore R.R. bonds, 200,000 00 150,000 00 

Brooklyn & Montauk R.R. bonds, . . . 75,000 00 60,000 00 

Brooklyn city park bonds, .... 122,000 00 109,800 00 

Jersey City water bonds, 100,000 00 100,000 00 

District of Columbia bonds 1,025,000 00 1,025,000 00 



* Estimated for the purpose of permanent Investment. 



142 



ATLANTIC MUTUAL INSURANCE CO. 



United States bonds, 

Bleecker St. & Fulton Ferry R.ll. bonds, . 

Securities held as collateral for cash loans 

N. Y. Central & Hudson River R.R. stock, 

Chicago, Burlington & Quincy R.R stock, 

Chicago, Milwaukee & St. Paul R'y stock, 

N. Y. Central & Lake Shore R.R. bonds, . 

Atchison, Topeka & Santa Fe R'y Co. bonds, 

Missouri, Kansas & Texas R'y Co. bonds, 

United States Trust Co. stock, . 

Chicago, Burlington & Quincy R.R. stock, 

Atchison, Topeka & Santa Fe R.R. bonds, 

Great Northern Railway Co. stock, . 

Chicago, Mil. & St. Paul R'y Co. stock, . 

Atchison, Topeka & Santa Fe R.R. bonds, 

Consolidated Gas Co. stock, 

N. Y. Central & Hudson River R.R. stock, 

Pullman Palace Car Co. stock, . 

Chicago, Burlington & Quincy R.R. stock, 

Great Northern Railway Co. stock, . 

Lake Erie & Western R.R. stock, 

Atchison, Topeka & Santa Fe Railway bonds, 

N. Y. Gas & Electric Heat & Power Co. bonds, 

Atchison, Topeka & Santa Fe Railway stock, 

Manhattan Railway Co. stock, . 

American Sugar Refining Co. stock, 

Western Union Telegraph Co. stock, 

Wabash Railroad Co. bonds, 

U. S. Leather Co. stock, . 

American Sugar Refining Co. stock, 

Mahoning Coal R.R. Co. bonds, 

Baltimore & Ohio R.R. bonds, . 

Louisville & Nashville R.R. bonds, 

Equitable Gas Co. of N. Y. bonds, 

Ohio Southern R.R. bonds, 

N. Y. Mutual Gas Co. stock, 

Pullman Palace Car Co. stock, . 

Metropolitan Street Railway stock, 

Union Pacific R.R. stock, . 

Chicago, Burlington & Quincy R.R. stock 

Chicago, St. Paul, Minn. & Omaha R'y stock, 

Chicago, Milwaukee & St. Paul R'y stock 

Union Pacific R.R. stock, . 

Consolidated Gas Co. stock, 

Western Union Telegraph Co. stock, 

Chicago & Northwest. R'y Co. stock, 

Manhattan Railway Co. stock, . 



Par Value. 

o,000 00 
20,000 00 



Market Value. 
$500,000 00 

20,000 00 



f 5 ,580,465 00 f 5,483,944 00 



Market Value. 

$32,000 00 
36,000 00 >j 
11,700 00 ' 



Loaned Thereon. 

$18,500 00 



} 



9,700 00 

3,900 00 

3,300 00 
16,000 00 
24,000 00 

6,000 00 
84,000 00 
35,000 00 

3,900 00 
161,000 00 
13,000 00 
18,000 00 
12,000 00 \ 
16,900 00 

8,300 00 
11,500 00 

1,800 00^ 
16,800 00 

9,000 00 
11,000 00 

8,500 00 
900 00 J 
14,800 00 
11,000 00 

6,000 00 

180,000 00 1 

14,500 00 

28,700 00 

31,450 00 

9,100 00 
90,000 00 
32,000 00 
37,600 00 
12,000 00 
36,000 00 
23,400 00 
47,000 00 
19,000 00 
34,000 00 
16,000 00 
18,000 00 ^ 



} 50,000 00 



} 



15,000 00 
25,000 00 

100,000 00 



200,000 00 



40,000 00 



25,000.00 



y 500,000 oo 



ATLANTIC MUTUAL INSURANCE CO. 



143 



Pullman Palace Car Co. stock, . 
Delaware, Lack. & Western R.R. Co. stock, 
Pennsylvania R.R. Co. stock, . 
Louisville & Nashville R.R. Co. stock, . 
N. Y. Gas, Electric Heat & Power Co. bonds, 
Central of Georgia R'y Co. bonds, . 
Atchison, Topeka & Santa Fe R'y Co. bonds, 
Mo. Pacific R 1 y Co. bonds, 
Chic, Burl. & Quincy R.R. Co. bonds, 
St. Lo., Iron Mountain & South. R'y Co. bonds 
Atchison, Topeka & Santa Fe R'y Co. stock, 
Union Pacific R'y Co. stock, . . . 
Canada Southern R'y Co. stock, 
Manhattan R'y Co. stock, .... 
Metropolitan Street R'y Co. stock, . 
Chicago & Northwestern R'y Co. stock, . 
Consolidated Gas Co. stock, 
Chicago Terminal Transfer R.R. Co. stock, 
Baltimore & Ohio R.R. Co. stock, 
Southern R'y Co. stock, .... 
Lake Erie & Western R.R. Co. stock, 
Missouri Pacific R'y Co. stock, . 
Chic, Burl. & Quincy R.R. Co. stock, 
Southern R'y Co. stock, .... 



Market Value. 

$18,500 00 



Loaned Thereon. 



8,700 00 



26,000 00 



7,700 00 J 
44,500 00 ^ 
8,600 00 
7,900 00 
5,000 00 
12,000 00 
13,200 00 
150,000 00 
75,000 00 
24,500 00 
27,000 00 }. 
64,000 00 
48,000 00 
38,000 00 
18,000 00 
14,600 00 
10,600 00 
24,000 00 
16,000 00 
12,000 00 J 
14,500 00 



} $50,000 00 



500,000 00 



11,000 00 



$1,903,050 00 $1,534,500 00 



Summary of Assets Dec. 31, 1899. 



Cash value of unencumbered real estate,* 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, . 
Cash deposited in bank, and with Eng. bankers, 
Notes taken for marine and inland risks, 

Gross assets, 

Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Return premiums, 
Miscellaneous, .... 
Gross liabilities, except scrip, 

Surplus as regards policy holders, 

Scrip outstanding, not ordered to be redeemed, 



$1,125,000 00 

5,483,944 00 

1,534,500 00 

1,274,929 84 

1,005,756 77 



$10,424,130 61 



$85,063 00 
1,166,837 00 

30,600 00 
828,796 25 
199,866 48 

43,936 97 
116,902 73 

20,017 01 



- 2,492,019 44 

. $7,932,111 17 
. 6,279,700 00 



Surplus over scrip, $1,652,411 17 



* Estimated for the purpose of permanent investment. 



144 BRITISH AMERICAN INSURANCE CO. OF NEW YORK. 



Income. 

Marine premiums outstanding Dec. 31, 1898, . $956,161 43 
Premiums on risks written or renewed, . . 3,166,420 39 



Total, $4,122,581 82 

Premiums now in course of collection, . . 961,267 75 



Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, . . - 

Interest and dividends received from all sources, 

Income from rents, 

Income from all other sources, .... 



$3,161,314 07 
191,143 72 



12,970,170 35 

369,520 68 

39,604 18 

244,915 62 



Gross cash income, $3,624,210 83 

Expenditures. 

Cash paid for marine and inland losses, . . f 2,442,848 55 
Deduct salvage and reinsurance, . . . 230,241 72 

Net cash paid for marine and inland losses, . 

Cash paid for redemption of scrip, .... 

Interest paid scrip holders, 

Cash paid for commissions and brokerage, 



for salaries of officers and employees, 
for State and local taxes, . 



Gross cash expenditures, .... 

Risks and Premiums. 



Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 



Total, 

Deduct risks expired and terminated, 



$117,766,933 00 

570,848,798 00 

$688,615,731 00 

559,697,206 00 



£2,212,606 83 

1,359,400 00 

388,481 40 

32,277 86 

357,584 64 

70,751 90 

|4,421,102 63 

Premiums. 

$967,555 24 

3,166,420 39 

$4,133,975 63 

3,305,179 38 



$128,918,525 00 $828,796 25 



In force at end of year, 

Miscellaneous. 
Marine and inland losses incurred during the year (estimated), $1,041,729 00 



"BRITISH AMERICAN INSURANCE COMPANY OF NEW YORK;' 

NEW YORK, N. Y. 

[Incorporated February, 1898. Commenced business February, 1898.] 

Paid-up Capital, $200,000. 

SILAS P. WOOD, President. JOSEPH M. BIGGERT, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

New York City bonds, $100,000 00 §109,250 00 

United States bonds, 100,000 00 133,750 00 



BRITISH AMERICAN INSURANCE CO. OF NEW YORK. 145 



N. Y. Central & Hudson River Ry. bonds, 
Union Pacific Railway Co. bonds, . 
Northern Pacific Railway bonds, 
Long Island R.R. bonds, .... 



Par Value. 

$20,000 00 
12,000 00 
12,000 00 
15,000 00 



Market Value. 

$18,700 00 
12,480 00 
12,420 00 
13,950 00 



$259,000 00 $300,550 00 



Summary of Assets Dec. 31, 1899. 

Stocks and bonds, as per schedule, . . . $300,550 00 

Cash deposited in bank, 4,168 82 

Premiums in course of collection (gross), . 72,129 38 

Reinsurance due on losses paid, . . . 4,268 53 
Preni's more than three mos. due, . $1,228 75 

Gross assets, ...... 



$381,116 73 



Liabilities. 



Losses claimed and reported, 
Less reinsurance, 



Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, . 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



,765 30 
3,985 00 

$26,780 30 

114,511 44 

11,003 72 

175 08 



152,470 54 

$228,646 19 
200,000 00 

$28,646 19 



Income. 
Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



$43,808 90 
391,730 77 



Total, $435,539 67 

Premiums now in course of collection, . . 73,358 13 



Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest and dividends received from all sources, 
Income from profit on sale of bonds, 



$362,181 54 
175,033 15 



$187,148 39 
10,179 07 
12,146 25 



Gross cash income, $209,473 71 



Expenditures. 



Cash paid for fire losses, . 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 



$179,404 19 
23,297 72 



$156,106 47 



146 



BUFFALO COMMERCIAL INSURANCE CO. 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for miscellaneous, .... 



Gross cash expenditures, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



. $25,856,193 00 
. 48,699,096 00 



. 874,555,289 00 
. 40,033,118 00 

.$34,522,171 00 
. 4,709,839 00 



818,649 52 

19,649 02 

5,025 81 

2,866 90 

11,800 89 

$214,098 61 



Premiums. 

$163,981 26 
400,630 68 

$564,611 94 
307,296 65 

$257,315 29 
45,373 65 



.$29,812,332 00 $211,941 64 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$287,505 00 
189,867 00 
157,808 00 
173,000 00 



"BUFFALO COMMERCIAL INSURANCE COMPANY," 
BUFFALO, N. Y. 

[Incorporated April 15, 1896. Commenced business April 16, 1896.] 

Paid-up Capital, $200,000. 

JOHN G. WICKSER, President. GEO. H. HOFHEINS, Secretary. 



New York State bonds, . 
Buffalo (N. Y.) city bonds, 
United States bonds, . 



Detailed Statement of Stocks and Bonds. 

Par Value. 

. $100,000 00 
45,000 00 
27,300 00 



Market Value. 

$102,500 00 
45,976 00 
30,030 00 



$172,300 00 $178,506 00 



Summary of Assets Dec. 31, 1899. 

Loans on mortgage of real estate (first liens *), $120,975 00 

Interest due or accrued thereon, . . . 1,401 00 

Stocks and bonds, as per schedule, . . . 178,506 00 

Cash in the office of the company, . . . 1,170 09 

* Value of lands mortgaged, $132,983 00 

Value of buildings thereon 122,375 00 

Amount of insurance held as collateral 107,400 00 



BUFFALO COMMERCIAL INSURANCE CO. 



147 



Cash deposited in bank, .... 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Gross assets, 



$26,121 83 

277 08 

15,489 56 



$343,940 56 



Liabilities. 

Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



81,855 31 

15,519 80 

750 00 

80,371 95 

3,872 39 

46 15 



102,415 60 

$241,524 96 
200,000 00 



Surplus over capital, $41,524 96 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 



$11,363 00 

183 86 

$11,179 14 

143,095 90 

$154,275 04 

15,489 56 

$138,785 48 

21,681 41 



$117,104 07 
5,955 79 
5,712 00 



Gross cash income, $128,771 86 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



$59,927 31 
2,334 75 



$57,592 56 

28,496 02 

6,610 08 

4,164 19 

6,875 49 



Gross cash expenditures, 



$103,738 34 



148 



BUFFALO GERMAN INSURANCE CO. 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1898, . . $11,914,596 00 $120,286 27 



Fire risks written during 1899, 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, . 

Net amount in force, . 



14,460,505 00 143,095 90 



$26,375,101 00 $263,382 17 
10,810,606 00 109,101 32 



$15,564,495 00 $154,280 85 
528,294 00 3,823 04 



.$15,036,201 00 $150,457 81 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Company's stock owned by directors,- . 



$362,377 00 

176,172 00 

69,835 00 

6,000 00 

48,500 00 



BUFFALO GERMAN INSURANCE COMPANY," BUFFALO, N. Y. 

[Incorporated Feb. 15, 1867. Commenced business Feb. 16, 1867.] 

Paid-tip Capital, $200,000. 

OLIVER J. EGGERT, President. CHARLES A. GEORGER, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, $100,000 00 

Buffalo city bonds 681,636 86 

State of New York bonds, .... 45,000 00 

Buffalo & Southwest. R.R. bonds, . . . 36,250 00 

Tonawanda Gas Co. bonds, .... 33,000 00 

Third National Bank, Buffalo, stock, . . 45,000 00 



Market Value. 

$105,250 00 
681,636 86 
45,000 00 
36,250 00 
33,000 00 
45,000 00 



$940,886 86 6946,136 86 



Securities held as collateral for cash loans : — 

German Bank, Buffalo, N. Y., stock, 
Exchange Elevator Co., Buffalo, N. Y., stock, 
German Bank, Buffalo, N. Y., stock, 
Buffalo Loan, Trust & Safe Dep. Co. stock, . 
Union Bank, Buffalo, N. Y., stock, . 
Buffalo Co-operative Brewing Co. stock, . 
Buffalo Co-operative Stove Co. stock, 
Internat'l Brewing Co., Buffalo, N. Y., stock, . 
International Brewing Co., Buffalo, stock, 
Magnus Beck Brewing Co., Buffalo, stock, 



Market Value. 

$24,000 00 
1,000 00 
8,000 00 ^ 
6,250 00 
12,500 00 
5,400 00 
8,700 00 
1,375 00 J 
2,090 00 
495 00 



Loaned Thereon. 

? 10,000 00 
700 00 



} 25,000 00 



2,000 00 



BUFFALO GERMAN INSURANCE CO. 



149 



Market Value. Loaned Thereon . 



Buffalo General Electric Co. bonds, . 
Buffalo & Southwestern R.R. Co. bonds, . 
Fidelity Trust & Guarantee Co., Buffalo, stock, 
German Bank, Buffalo, N. Y., stock, 
Buffalo Co-operative Brewing Co. stock, . 
People's Bank, Buffalo, stock, .... 
Crystal Water Co., Buffalo, stock, . 
General Production Co., Pittsburg, Pa., stock, 
Depew and Lancaster Water Works bonds, 
Depew and Lancaster Water Works stock, 
Erie County Guar. Search Co., Buffalo, stock, . 
Nat'l Electrolytic Co., Niagara Falls, N. Y., s'k, 
German Bank, Buffalo, N. Y., stock, 



$4,000 00 

6,050 00 

11,250 00 

12,000 00 

750 00 

1,200 00 

3,000 00 

1,250 00 

20,000 00 

5,000 00 

18,800 00 

10,000 00 

8,000 00 



$8,000 00 
6,500 00 
1,000 00 
1,700 00 

15,000 00 

10,000 00 
6,000 00 



$171,110 00 $85,900 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, ' . 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for fire risks, 
Rents due and accrued, .... 
Gross assets,f 



31, 1899. 

$309,080 01 

471,410 00 

6,119 23 

946,136 86 

85,900 00 

2,770 72 

137,381 90 

5,564 51 

45,245 10 

1,177 00 

1,955 33 



$2,012,740 66 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, . 



$1,619 20 

25,733 66 

1,600 00 

312,409 63 

9,049 02 

142 56 



350,554 07 

$1,662,186 59 
200,000 00 

$1,462,186 59 



* Value of lands mortgaged, $741,740 00 

Value of buildings thereon, 533,775 00 

Amount of insurance held as collateral, .... 380,450 00 

t Including $200,000 special reserve fund held under New York law. 



150 



BUFFALO GERMAN INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, etc., .... 

Gross cash income, .... 



$41,801 81 
425,995 10 

$467,796 91 
45,245 10 

$422,551 81 
72,045 42 



sources, 



$350,506 39 
26,971 89 
38,360 55 
21,837 60 

$437,676 43 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for expense on real estate, 

for incidentals, .... 

Gross cash expenditures, .... 



$167,679 89 
13,499 65 



$154,180 24 
60,000 00 
84,948 65 
27.193 73 
5,798 23 
13,525 86 
29,226 08 

$374,872 79 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$60,329,140 00 $596,219 36 
44,595,458 00 425,995 10 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$104,924,598 00 $1,022,214 46 
39,135,387 00 395,628 27 



$65,789,211 00 $626,586 19 
2,906,715 00 25,825 80 



$62,882,496 00 $600,760 39 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (30 per cent.), 
Company's stock owned by directors, . . . . 



$9,607,433 00 

4,560,177 00 

165,756 00 

1,105,925 00 

60,000 00 

47,600 00 



CALEDONIAN- AMERICAN INSURANCE CO. 



151 



"CALEDONIAN-AMERICAN INSURANCE COMPANY," NEW 

YORK, N. Y. 

[Incorporated Dec. 24, 1897. Commenced business March 24, 1898.] 

Paid-up Capital, $200,000. 

CHARLES H. POST, President. N. A. McNEIL, Vice-President and Secretary. 



Detailed Statement of Stocks 

New York City school bonds, .... 
Chicago, Milwaukee & St. Paul R.R. Co. stock, 
Chicago & Northwestern Railway Co. stock, . 
Central Union Gas Co. of New York bonds, . 
Broadway & Seventh Ave. R.R. Co. bonds, 
Steinway R.R. Company of New York bonds, . 
Brooklyn Union Gas Company bonds, 
Brooklyn, Queen's Co. & Sub'n R.R. Co. bMs, 
N. Y., Ontario & Western Railway Co. bonds, 
Tenth & Twenty-third Street Ferry Co. b'ds, . 
Morris & Essex Railway Company stock, 
Cleveland & Pittsburgh R.R. Company stock, . 
Rome, Watert'n & Ogdensburg R.R. Co. st'k, . 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Due for reinsurance, 

Prem's more than three mos. due, . $125 72 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance, ...... 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



and Bonds. 

Par Value. 

$200,000 00 

10,000 00 

7,500 00 

5,000 00 

10,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

10,000 00 

10,000 00 

10,000 00 



Market Value. 

$200,000 00 

17,300 00 

15,000 00 

5,100 00 

11,900 00 

5,750 00 

5,775 00 

5,550 00 

5,150 00 

5,300 00 

18,300 00 

18,500 00 

13,200 00 



$287,500 00 $326,825 00 



31, 1899. 

$326,825 00 

10,763 80 

2,368 75 

21,635 45 

160 53 



$361,753 53 



,567 66 
5,550 00 
1,211 36 

$27,329 02 
6,340 01 

$20,989 01 

61,519 27 

4,824 71 

3,053 89 



90,386 88 

$271,366 65 
200,000 00 

$71,366 65 



152 



CALEDONIAN-AMERICAN INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1898, . $16,751 18 
Premiums on risks written or renewed, . . 144,281 93 



Total, $161,033 11 

Premiums now in course of collection, . . 21,761 17 



Entire premiums collected, .... $139,271 94 
Less reinsurance and return premiums, . . 46,769 94 

Net cash fire premiums received, 
Interest and dividends received from all sources, . 



$92,502 00 
11,229 52 



Gross cash income, 



. $103,731 52 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



$90,473 02 
18,999 90 



Gross cash expenditures, 



$71,473 12 

10,000 00 

20,798 83 

2,645 00 

2,744 42 

2,473 91 

$110,135 28 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$9,579,327 00 
15,468,413 00 

$25,047,740 00 
11,412,127 00 

$13,635,613 00 
1,286,504 00 



Premiums. 

$82,578 24 
144,281 93 

$226,860 17 
104,508 64 

$122,351 53 
13,417 96 



.$12,349,109 00 $108,933 57 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), . 
Company's stock owned by directors, .... 



$152,357 00 
82,522 00 
79,130 00 
10,000 00 
10,000 00 
4,500 00 



THE CAPITAL FIRE INSURANCE CO. 



153 



"THE CAPITAL FIRE INSURANCE COMPANY OF CONCORD, N. H.," 

CONCORD, N. H. 

[Incorporated March 10, 1886. Commenced business March 19, 1886.] 

Paid-up Capital, $200,000. 

LYMAN - JACKMAN, President. CBARLE8 L. JACKMAN, Secretary. 



Detailed Statement of Stocks 



■City of Portsmouth, N. H., bonds, . 

City of Dover, N. H., bonds, 

City of Concord, N. H., bonds, . 

New Hampshire Trust Co. bonds, . 

Iowa Loan & Trust Co. bonds, . 

Muscatine Mortgage & Trust Co. bonds, 

City Water Co., Merrill, Wis., bonds, 

Cen. Loan & Deben. Co., Kan. City, Mo., b'ds, 

Winfield Water Co. bonds, . 

Johnson Loan & Trust Co., Ark. City, Kan., b'ds, 

Grand Forks, Dak., Gas & Electric Co. bonds, 

Wichita, Kan., Water Co. bonds, 

Metropolitan West End R.R. Co. bonds, . 

Nebraska Loan & Trust Co. bonds, . 

City of Kingman, Kansas, Water Co. bonds, 

Town of Montrose, Col., bonds, 

Denver Consolidated Electric Co. bonds, 

Denver Consolidated Gas & Electric Co. bonds 

60 shares C. & M. R.R., .... 

25 " Page Belting Co., Concord, N. H., 

25 " Prescott Piano Co., Concord, N. H., 

1 share Amoskeao; Manufacturing Co., . 

2 shares Nashua Manufacturing Co., 
2 * 

30 ' 
50 ■ 
10 ■ 
10 ' 
12 ' 



West Side Construction Co., 
Pullman Palace Car Co., . 
Concord Real Estate Co., . 
National Bank of Lebanon, N. H., 
Amory Manufacturing Co., 
Metropolitan West Side R.R., . 



and Bonds. 

Par Value. 

$40,000 00 
26,000 00 
25,000 00 
6,300 00 
5,000 00 
3,500 00 
5,000 00 
3,770 00 
3,000 00 
1,620 00 
2,500 00 
2,000 00 
1,000 00 
1,000 00 
1,000 00 

800 00 
1,000 00 
5,000 00 
6,000 00 
1,250 00 
2,500 00 
1,000 00 
1,000 00 

200 00 
3,000 00 
5,000 00 
1,000 00 
1,000 00 
1,200 00 



Market Value. 

$43,200 00 

27,820 00 

27,750 00 

6,300 00 

5,000 00 

2,800 00 

5,000 00 

3,016 00 

3,000 00 

615 00 

2,500 00 

2,000 00 

960 00 

1,000 00 

500 00 

800 00 

1,000 00 

4,400 00 

12,000 00 

1,250 00 

2,500 00 

1,775 00 

1,260 00 

100 00 

5,550 00 

5,000 00 

1,250 00 

1,260 00 

824 00 



$156,640 00 $170,430 00 



Summary of Assets Dec 31, 1899. 
Cash value of unencumbered real estate, . $103,687 03 
Loans on mortgage of real estate (first liens *), 99,055 58 
Interest due or accrued thereon, . . . 1,901 24 

* Value of lands mortgaged, $76,325 00 

Value of buildings thereon 143,100 00 

Amount of insurance held as collateral, 95,900 00 



154 



THE CAPITAL FIRE INSURANCE CO. 



Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 

Gross assets, 



$170,430 00 
683 11 
21,793 90 
969 74 
45,851 16 
605 83 
491 34 



$445,468 9a 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
Due for borrowed money, 
State and local taxes, 
Commissions and brokerage, . 
Return premiums, 
Reinsurance, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, 



Surplus over capital, 



Income 

Fire premiums outstanding Dec. 31, 1898 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 



Gross cash income, 



other 



£4,45 1 53 

12,819 44 

177 98 

$17,448 95 
377 35 

$17,071 60 

154,347 02 

7,279 35 

11,000 00 

198 72 

9,529 31 

5,786 26 

1,106 53 



$48,070 18 
326,764 68 

£374,834 86 
45,851 16 

$328,983 70 
120,636 02 



sources, 






206,318 79 

£239,150 14 
200,000 00 

$39,150 14 



$208,347 68 
6,211 51 
7,279 12 
5,177 33 

$227,015 64 



citizens' INSURANCE CO. 



IP r* 
DO 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for incidentals, 



$207,495 42 
52,653 41 



Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



$27,333,704 00 
28,415,159 00 

$55,748,863 00 
25,417,100 00 

$30,331,763 00 
6,187,787 00 



$154,842 01 

8,000 00 

47,983 67 

12,848 37 

5,431 85 

599 09 

12,465 17 

$242,170 16 

Premiums. 

$347,321 13 
326,764 68 

$674,085 81 
300,611 05 

$373,474 76 
89,324 15 



$24,143,976 00 $284,150 61 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (4 per cent.), . 
Company's stock owned by directors, . 



$2,655,413 0a 

985,263 00 

145,781 00 

93,614 00 

8,000 00 

46,800 00 



"CITIZENS' INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April, 1836. Commenced business April, 1837.] 

Paid-up Capital, $300,000. 

EDWARD A. WALTON, President. FRANK M. PARKER, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

$150,000 00 
10,000 00 



United States bonds, . 

National Bank of Commerce stock, 

National Citizens' Bank stock, . 

National Bank of Republic stock, 

Consolidated Gas Co. stock, 

Union Trust Co. stock, . . 

New York, Chicago & St. Louis R.R. bonds, 

Union Pacific R.R. Co. stock, . 



30,000 00 
5,000 00 
20,000 00 
10,000 00 
10,000 00 
20,000 00 



Market Value. 

$ 171, 750 00 
25,000 00 
45,000 00 
10,250 00 
39,000 00 
140,000 00 
10,500 00 
9,600 00 



$255,000 00 $451,100 00 



156 



citizens' 



INSURANCE CO. 



Securities held as collateral for cash loans : — 

Peoria & Eastern R.R. bonds, .... 
Safety Car Heating & Lighting Co. stock, 
National Citizens' Bank stock, .... 

Dominion Coal Co. stock, 

New Jersey Steamboat Co. stock, 



Market Value. Loaned Thereon. 

$6,400 00 
4,000 00 
1,500 00 )► 115,000 00 
4,500 00 I 
3,600 00 j 



$20,000 00 $15,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, . 
Reinsurance due on losses paid, 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Return premiums, .... 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, . 



31, 1899. 

$90,000 00 

20,300 00 

371 50 

451,100 00 

15,000 00 

7,044 18 

24,314 20 

3,588 00 

154,952 67 

1,472 79 

18,829 79 



$13,367 60 

31,371 45 

3,718 50 

$48,457 55 
10,314 88 

$38,142 67 

306,400 89 

405 50 

800 00 

20,492 80 

700 00 

2,106 00 

13,324 80 



$786,973 13 



382,372 66 

$404,600 47 
300,000 00 

$104,600 47 



* Value of lands mortgaged, . . . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$25,000 00 
28,000 00 
22,200 00 



CITIZENS INSURANCE CO. 



157 



Income 

Fire premiums outstanding Dec. 81, 1898 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all 

Income from rents, . 

Income from all other sources, 



other 



1118,448 47 
3,016 08 

$115,432 39 
753,914 16 

$869,346 55 
154,952 67 

$714,393 88 
136,692*39 



sources, 



$577,701 49 

948 00 

20,413 77 

6,856 42 

1,358 79 



Gross cash income, $607,278 47 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, . 

Cash paid for redemption of scrip, 

Interest paid scrip holders, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



$430,100 29 
39,867 18 



$390,233 11 

24,066 60 

2,900 00 

812 70 

139,651 07 

64,199 34 

6,853 82 

28,475 86 



Gross cash expenditures, $657,192 50 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1898, . $71,605,284 00 $565,056 59 

Fire risks written during 1899, . . 103,289,748 00 753,914 16 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 



$174,895,032 00 $1,318,970 75 
88,306,711 00 681,711 68 



$86,588,321 00 $637,259 07 
10,221,681 00 68,407 52 



Net amount in force, . 



$76,366,640 00 $568,851 55 



158 



citizens' INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, 



116,995,989 00 

9,170,827 00 

403,183 00 

2,068,299 00 

24,000 00 

110,540 00 



"CITIZENS' INSURANCE COMPANY OF MISSOURI," 
ST. LOUIS, MO. 

[Incorporated February, 1837. Commenced business 1837.] 

Paid-up Capital, $200,000. 

SOL. E. WAGGONER, President. J. H. CARR, Secretary. 

Summary of Assets Dec. 31, 1899. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, 
Prem's more than three mos. due, . $2,167 84 
Gross assets, 



$5,477 00 

297,250 00 

4,473 00 

2,750 94 

32,960 01 

46,188 26 

32,104 97 



$421,204 18 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, 



$13,679 23 

29,008 19 

543 94 

$43,231 36 
29,922 97 

613,308 39 

46,188 26 

20,959 89 

18 75 



80,475 29 

$340,728 89 
200,000 00 

$140,728 89 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$420,130 00 
343,070 00 
263,900 00 



citizens' INSURANCE CO. 



159 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



$52,823 12 
379,076 25 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Marine premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Net cash marine premiums received, 

Interest received on mortgages, .... 

Interest and dividends received from all other sources, 



$431,899 
83,839 


37 
56 


$348,059 
265,671 


81 
01 


$37 30 
814 11 


$851 
78 


41 
59 



$82,388 80 



772 82 

13,455 39 

9,953 00 



Gross cash income, $106,570 01 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, . .... 



$256,045 28 
236,200 40 



$19,814 88 

6 45 

150,000 00 

21,432 87 

18,267 45 

4,333 87 

9,162 96 



Gross cash expenditures, $223,048 48 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks written during 1899, . 
Deduct risks expired and terminated, 



.$38,675,006 00 
. 33,977,688 00 


Premiums. 

$437,667 30 
379,076 25 


, $72,652,694 00 
. 64,657,133 00 


$816,743 55 
725,183 32 


. $7,995,561 00 
977,064 00 


$91,560 23 
11,132 03 


. $7,018,497 00 

. $165,313 00 
165,313 00 


$80,428 20 

$814 11 
814 11 



160 



THE COLONIAL ASSURANCE CO. 



Miscellaneous. 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Marine and inland losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (75 per cent.), 

Company's stock owned by directors, 



$3,823,853 00 

28,286 00 

6 00 

985,798 00 

150,000 00 

2,000 0O 



"THE COLONIAL ASSURANCE COMPANY OF THE CITY OF 
NEW YORK," NEW YORK, N. Y. 

[Incorporated June 16, 1896. Commenced business July 15, 1896.] 

Paid-up Capital, $200,000. 

LEO H. WISE, President. E. E. HALL, Secretary. 

Detailed Statement of Stocks and Bonds. 



United States bonds, . 
New York city bonds, 
New York State bonds, 
Brooklyn city bonds, . 



Par Value. Market Value. 

$100,000 00 $ 134,000 00 

100,000 00 105,000 00 

100,000 00 101,500 00 

25,000 00 27,000 00 



$325,000 00 $367,500 00 



Summary of Assets Dec. 31, 1899. 
Stocks and bonds, as per schedule, . . . $367,500 00 
Cash in the office of the company, . . . 5,944 17 

Cash deposited in bank, 2,795 38 

Interest due and accrued, 2,898 10 

Premiums in course of collection (gross), . 83,499 34 

Prem's more than three mos. due, . $4,316 01 

Gross assets, 

Deduct special deposits in other States, 



$462,636 99 
13,400 00 



Balance, $449,236 99 



Liabilities. 



Losses claimed and reported, 
Less reinsurance, 



Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums, 



$54,333 14 
14,994 68 

$39,338 46 

175,486 09 

13,871 56 

14,480 18 



THE COLONIAL ASSURANCE CO. 



161 



Reinsurance disallowed, . 
Reinsurance, . . . 



Gross liabilities, except capital, . 
Deduct liability on special deposits, . 



Surplus as regards policy holders, . 
Paid-up capital, 



$11,455 09 
13,532 96 

$268,164 34 
2,500 00 



Impairment of capital, 



$265,664 34 

$183,572 65 
200,000 00 

$16,427 35 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, ..... 



Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, . , 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Marine premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest and dividends received from all sources, 

Gross cash income, .... 



$63,200 22 
2,593 29 

$60,606 93 
368,565 09 

$429,172 02 
70,180 89 

$358,991 13 
114,394 97 

$13,211 23 
75,032 18 



,243 41 
17,634 46 

$70,608 95 
42,524 12 



$244,596 16 



28,084 83 
12,538 16 

$285,219 15 



Expenditures. 

Cash paid for fire losses, 

Cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . . 
for incidentals, ..... 



$249,011 75 

24,151 67 

10,000 00 

68,170 24 

2,230 00 

7,137 35 

4,815 91 



Gross cash expenditures, ....... $365,516 92 



162 



COMMERCE INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, . 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



1,634,988 00 
. 41,702,674 00 



. .973,337,662 00 
. 39,533,470 00 

. $33,801,192 00 
. 2,590,441 00 



Premiumi. 

$271,231 20 
368,565 09 

$639,796 29 
334,894 93 

1,901 36 
23,016 00 



$31,213,751 00 $281,885 36 



. $693,037 00 
. 3,023,101 00 



. $3,716,138 00 

. 1,608,756 00 

. $2,107,382 00 

. 1,163,746 00 



815,980 50 
75,032 18 

$91,012 68 
25,833 19 

?65,179 49 
34,859 38 



$943,636 00 $30,320 11 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), . 
Company's stock owned by directors, . 



$943,170 00 
621,792 00 
180,855 00 
19,396 00 
20,000 00 
10,000 00 
94,700 00 



"COMMERCE INSURANCE COMPANY," ALBANY, N. Y. 

[Incorporated June 1, 1859. Commenced business June 1, 1859.] 

Paid-up Capital, $200,000. 

GARRET A. VAN ALLEN, President. E. DARWIN" JENISON, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, f 170,000 00 $210,000 00 

Thomson Pulp & Paper Co. bonds, . . . 10,000 00 10,000 00 

150 shares First Nat'l Bank, Albany, N. Y., . 15,000 00 21,000 00 

50 " National Bank, Cohoes, N. Y., . 5,000 00 7,500 00 



$200,000 00 $248,500 00 



COMMERGE INSURANCE CO. 



163 



Securities held as collateral for cash loans : — 

30 shares First Nat'l Bank, Albany, N. Y., 
35 " National Bank of Cohoes, N. Y., 
Ticonderoga Pulp & Paper Co. bonds, 



Market Value. Loaned Thereon. 



$4,200 00 

5,250 00 

12,000 00 



$3,000 00 

400 00 

10,000 00 



$21,450 00 $13,400 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross) 

Rents due and accrued, 

Gross assets, .... 

Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
State and local taxes, 
Commissions and brokerage, . . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, 



Income 

Fire premiums outstanding Dec. 31, 1898 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 



Gross cash income, $124,085 94 



other 



31, 1899. 

179,000 00 

43,500 00 

248,500 00 

13,400 00 

1,431 43 

7,093 61 

1,216 66 

10,074 00 

929 98 



$3,100 00 

10,440 00 

550 00 

79,435 23 

239 04 

1,650 19 

1,039 21 

4,021 80 



89,336 95 
124,237 46 

$133,574 41 
10,074 00 

$123,500 41 
16,527 52 



sources, 



$405,145 68 



100,475 47 

$304,670 21 
200,000 00 

$104,670 21 



$106,972 89 
1,851 40 
8,827 70 
6,433 95 



* Value of lands mortgaged, 
Value of buildings thereon, . . 
Amount of insurance held as collateral, 



$43,300 00 
67,400 00 
53,750 00 



1G4 



THE COMMERCIAL UNION FIRE INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



$65,311 59 
4,277 81 



Gross cash expenditures, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$16,042,555 00 
12,506,146 00 

$28,548,701 00 
11,480,253 00 

$17,068,448 00 
908,632 00 



$61,033 78 

16,000 00 

22,995 06 

13,421 19 

7,900 70 

7,366 60 

$128,717 33 



Premiums. 

$167,801 63 
124,237 46 

$292,039 09 
125,420 76 

$166,618 33 
8,326 36 



$16,159,816 00 $158,291 97 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, . . . . 



$5,686,820 00 

3,641,591 00 

65,915 00 

904,000 00 

16,000 00 

66,150 00 



« THE COMMERCIAL UNION FIRE INSURANCE COMPANY OF 

NEW YORK," N. Y. 

[Incorporated Oct. 30, 1890. Commenced business April 1, 1891.] 

Paid-up Capital, $200,000. 

A. H. WRAY, President. C. J. HOLMAN, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

$20,000 00 

200,000 00 

13,000 00 

10,000 00 

10,000 00 

8,000 00 



United States bonds, .... 

New York city armory bonds, . 

New York city water loan, 

Chic, Milwaukee & St. Paul R.R. stock, 

Atchison, Topeka & Santa Fe R.R. bonds 

Southern R'y bonds, .... 



Market Value. 

$26,650 00 

200,000 00 

13,747 50 

17,250 00 

9,900 00 

8,480 00 



$261,000 00 $276,027 50 



THE COMMERCIAL UNION FIRE INSURANCE CO. 



165 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross) 
Reinsurance due on losses paid, 
Prem's more than three mos. due, . $497 49 
Gross assets, 



31, 1899. 

§276,027 50 

506 96 

17,803 77 

1,788 75 

32,087 49 

172 72 



$328,387 19 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding 
Commissions and brokerage, . 
Return premiums and reinsurance, 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, 



risks, 



$10,395 00 

14,500 00 

4,900 00 

$29,795 00 
10,891 00 

$18,904 00 

80,816 88 

3,709 50 

3,379 44 

72 39 



106,882 21 

$221,504 98 
200,000 00 

$21,504 98 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



$30,954 87 
258,480 95 



Total, $289,435 82 

Premiums now in course of collection, . . 32,584 98 



Entire premiums collected, .... $256,850 84 
Less reinsurance and return premiums, . . 131,913 03 

Net cash fire premiums received, . . . $124,937 81 

Interest and dividends received from all sources, . . . 8,159 08 

Gross cash income, $133,096 89 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 



[14,657 01 
49,873 00 



$64,784 01 
10,000 00 



166 



THE COMMONWEALTH INSURANCE CO. 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



f24,161 23 
4,144 13 
5,106 77 
2,692 76 



Gross cash expenditures, $110,888 90 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

.$16,573,153 00 $160,769 45 
. 28,002,292 00 258,480 95 



Total, 

Deduct risks expired and terminated, 

In force at eud of year, . 
Deduct amount reinsured, . 

Net amount in force, . 



.$44,575,445 00 $419,250 40 
. 19,164,304 00 176,410 58 



.$25,411,141 00 $242,839 82 
. 9,426,280 00 93,905 53 



.$15,984,861 00 $148,934 29 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . . 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent), . 
Company's stock owned by directors, . 



$420,555 00 

227,557 00 

71,941 00 

39,000 00 

10,000 00 

7,500 00 



"THE COMMONWEALTH INSURANCE COMPANY OF NEW 

YORK," N. Y. 

[Incorporated Aug. 23, 1886. Commenced business Sept. 15, 1886.] 

Paid-up Capital, $500,000. 

CHARLES S. BARTOW, President. E. J. PERRIN, Secretary pro tern. 



Detailed Statement of Stocks 



United States bonds, 
New York city stock and bonds, 
Missouri, Kansas & Texas R'y bonds, 
American Cotton Oil Co. bonds, 

200 shares American Tel. & Cable Co., 

175 « 

100 * 
2,000 ' 

100 * 

200 « 

100 ' 



American Surety Co., . 
American Sugar Refining Co., 
Brooklyn City R.R. Co., 
American Agric't'l Chemical Co 
Chic, Burl. & Quincy R.R., . 
Chic, Rock Isl. & Pacific R.R., 



and Bonds. 

Par Value. 

$40,000 00 

155,000 00 

10,000 00 

5,000 00 

20,000 00 

8,750 00 

10,000 00 

20,000 00 

10,000 00 

20,000 00 

10,000 00 



Market Value. 

§45,200 00 

156,500 00 

9,075 00 

5,143 75 

18,025 00 

17,884 37 

10,115 00 

37,451 25 

7,800 00 

24,350 00 

10,387 50 



THE COMMONWEALTH INSURANCE CO. 



167 



es Chic, St. Paul, Minn. & O'ha R'y, 
Canada Southern R'y Co., 
C, C., C. & St. Louis R.R., . 
Chic, Mil. & St. Paul R'y, 
Chicago & Northwestern R'y, 
Consolidated Gas Co. of N. Y., 
Delaware, Lack. & Western R'y, 
Delaware & Hudson Canal Co., 
Illinois Central R.R. Co., 
Kas. City, St. Louis & Chic R.R., 
Pullman's Palace Car Co., 
Lake Erie & Western R.R., . 
N. Y., New Haven & Hart. R.R., 
Metropolitan Street R'y Co., . 
Pennsylvania R.R. Co., . 
Rome, Watert'n & Ogdens. R.R., 
Toledo & Ohio Central Railway, 
Western Union Telegraph Co., 
N. Y. Cen. & Hudson River R.R., 
Bank of America, New York, 
Central Nat'l Bank, New York, 
German- American B'k, N. Y., 
Manhattan Company Bank, . 
Nat'l Park Bank of New York, 
Merchants' Nat'l Bank, N. Y., 
Nat'l Bank of Commerce, N. Y., 
N. Y. Produce Exchange Bank, 
Corn Exchange Bank, 



Summary of Assets Dec 

Loans on mortgage of real estate (first liens *) 
Interest accrued thereon, . 
Stocks and bonds, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, 



100 shar 


200 


it 


100 


CI 


300 


II 


300 


II 


200 


II 


400 


II 


200 


11 


200 


It 


50 


II 


150 


II 


100 


It 


200 


II 


100 


It 


200 


It 


100 


It 


100 


II 


100 


It 


100 


It 


13 


II 


25 


It 


50 


It 


17 


II 


50 


It 


50 


tl 


25 


It 


50 


tl 


50 


It 



Par Value. 

$10,000 00 

20,000 00 

10,000 00 

30,000 00 

30,000 00 

20,000 00 

20,000 00 

20,000 00 

20,000 00 

5,000 00 

15,000 00 

10,000 00 

20,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

1,300 00 

2,500 00 

3,750 00 

850 00 

5,000 00 

2,500 00 

2,500 00 

5,000 00 

5,000 00 



Market Value. 

$10,162 50 

9,700 00 

9,862 50 

38,662 50 

39,225 00 

36,500 00 

30,775 CO 

23,700 00 

18,175 00 

6,818 75 

15,662 50 

7,337 50 

38,405 48 

15,612 50 

13,012 50 

11,087 50 

4,000 00 

8,465 80 

10,137 50 

5,460 00 

4,250 00 

4,312 50 

2,125 00 

23,750 00 

4,125 00 

6,125 00 

6,000 00 

17,250 00 



$627,150 00 $762,631 90 

31, 1899. 

$95,000 00 

766 33 

762,631 90 

2,130 77 

37,880 03 

1,377 20 

28,815 34 

$928,601 57 



Liabilities. 

Losses claimed and reported, .... $34,750 93 

Unearned premiums on outstanding risks, . 99,043 38 

Due and accrued for rent, salaries, etc, . . 1,800 00 



* Value of lands mortgaged, . . . 
Value of buildings thereon, . . . 
Amount of insurance held as collateral, 



$71,000 00 
83,000 00 
88,000 00 



168 



THE COMMONWEALTH INSURANCE CO. 



Commissions and brokerage, 
Return premiums, . . . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 

Paid-up capital, .... 

Scrip outstanding, not ordered to be redeemed, 

Surplus over capital and scrip, . . 



§3,657 85 

1,203 00 

822 42 



$500,000 00 
11,699 00 



$141,277 58 
787,323 99 

511,699 00 
$275,624 99 



Income 
Fire premiums outstanding Dec. 31, 1898 
Premiums on risks written or renewed, 



Total 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income 



$18,482 47 
213,562 91 

$232,045 38 
28,815 34 

$203,230 04 
32,393 48 



$170,836 56 

4,325 00 

32,879 29 

$208,040 85 



Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, . 

Gross cash expenditures, .... 



$118,169 31 
6,545 48 



$111,623 83 
30,000 00 
23,037 13 
26,688 86 
5,881 02 
11,250 01 

$208,480 85 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$18,441,385 00 $153,029 89 
28,302,161 00 213,562 91 



Total 

Deduct risks expired and terminated, 

In force at end of year, 

Deduct amount reinsured, . . 

Net amount in force, . . . 



$46,743,546 00 $366,592 80 
23,350,232 00 173,255 68 



$23,393,314 00 $193,337 12 
453,013 00 2,030 60 



$22,940,301 00 $191,306 52 



THE CONCORDIA FIRE INSURANCE CO. 



169 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, 



$2,485,841 00 

1,404,211 00 

138,089 00 

261,000 00 

30,000 00 

175,800 00 



"THE CONCORDIA FIRE INSURANCE COMPANY OF 
MILWAUKEE," MILWAUKEE, WIS. 

[Incorporated March 7, 1870. Commenced business March 22, 1870.] 

Paid-up Capital, $200,000. 

GEO. BRUMDER, President. FRANK DAMKOEHLER, Secretary. 



Detailed Statement of Stocks 



Chicago, 111., sewerage bonds, 
Cincinnati sinking fund bonds, 
Washington Co., 111., bonds, 
Lincoln, Neb., school bonds, 
State of Montana bonds, . 
Fond du Lac, Wis., bonds, 
Sparta, Wis., bonds, . 
Dubuque, Iowa, improvement bonds 
Whiting, Ind., water works bonds, 
Kansas City, Mo., funding bonds, 
Lawrence County, 111., bonds, . 
Spokane, Wash., water works bonds 
New York city bonds, , . , 



and Bonds. 

Par Value. 

$25,000 00 
40,000 00 
15,000 00 
25,000 00 
40,000 00 
30,000 00 
3,000 00 
15,000 00 
10,000 00 
11,900 00 
12,500 00 
20,000 00 
25,000 00 



Market Value. 

$25,517 50 

43.400 00 
15,646 00 
26,275 00 
41,904 00 
80,465 00 

3,000 00 

15,000 00 

11,047 00 

13.401 78 
13,511 25 
22,714 00 
27,410 00 



$272,400 00 $289,291 53 



Summary of Assets Dec. 31, 1899. 


Cash value of unencumbered real estate, 


$9,000 00 


Loans on mortgage of real estate (first liens *), 448,880 00 


Interest due or accrued thereon, 


7,087 43 


Stocks and bonds, as per schedule, . 


289,291 53 


Cash in the office of the company, . 


3,517 23 


Cash deposited in bank, . 


44,857 28 


Interest due and accrued, .... 


5,294 58 


Premiums in course of collection (gross) 


128,055 51 


Reinsurance due on losses paid, 


3,024 90 


Gross assets, .... 


«QQQ 00ft 4R 


i • yp&0%/)\J\JO r±U 










Amount of insurance held as collateral, 


346,250 00 



170 



THE CONCORDIA FIKE INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . . . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, , 

Surplus as regards policy holders, . 
Paid-up capital, 



|23,887 23 

31,260 43 

6,600 00 

$61,747 66 
10,769 87 

$50,977 79 

475,250 76 

28,812 48 

52 99 



$555,094 02 

$383,914 44 
200,000 00 



Surplus over capital, $183,914 44 

Income. 
Fire premiums outstanding Dec. 31, 1898, . $117,971 06 
Premiums on risks written or renewed, . , 704,606 33 



Total, $822,577 39 

Premiums now in course of collection, . . 128,055 51 



Entire premiums collected, .... $694,521 88 
Less reinsurance and return premiums, . . 180,156 56 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents 



$514,365 32 

22,795 45 

13,290 47 

248 00 



Gross cash income, $550,699 24 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



$335,997 28 
61,034 10 



$274,963 18 
20,000 00 
136,011 75 
35,984 30 
14,556 36 
52,189 53 



Gross cash expenditures, 



$533,705 12 



CONNECTICUT FIRE INSURANCE CO. 



171 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

181,678,923 00 $896,502 51 
64,411,452 00 704,606 33 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$146,090,375 00 $1,601,108 84 
50,834,141 00 564,896 30 



$95,256,234 00 $1,036,212 54 
13,512,454 00 153,006 35 



$81,743,780 00 $883,206 19 



Miscellaneous. 

Premiums received from organization of company, . $6,627,988 00 

Losses paid from organization of company, . . . 3,399,750 00 

Fire losses incurred during the year, .... 295,957 00 

Cash dividends declared from organization of company, 287,667 00 

Dividends declared during the year (10 per cent), . 20,000 00 

Company's stock owned by directors, .... 155,000 00 



"CONNECTICUT FIRE INSURANCE COMPANY," HARTFORD, 

CONN. 

[Incorporated June, 1850. Commenced business July, 1850.] 

Paid-up Capital, $1,000,000. 

J. D. BROWNE, President. CHARLES R. BURT, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Dominion of Canada bonds, .... $100,00000 $102,00000 

State of Georgia bonds, 25,000 00 28,750 00 

Territory of Arizona bonds, .... 50,000 00 53,500 00 

City of Astoria, Oregon, bonds, . . . 17,000 00 18,020 00 

City of Dallas, Texas, bonds, .... 12,000 00 12,600 00 

City of Duluth, Minn., bonds, .... 3,206 00 3,206 00 

City of Fargo, N. D., bonds 15,000 00 15,990 00 

City of Helena, Montana, bonds, . . . 20,000 00 21,400 00 

City of Middletown, Conn., bonds, . . . 10,000 00 10,300 00 

City of Pawtucket, R. I., bonds, . . . 30,000 00 31,500 00 

City of Portland, Oregon, bonds, . . . 25,000 00 28,750 00 

City of Richmond, Va., bonds, .... 50,000 00 50,000 00 

City of Salem, Oregon, bonds, . . . . 11,000 00 11,880 00 

City of Salt Lake, Utah, bonds, . . . 40,000 00 44,000 00 

City of Seattle, Washington, bonds, . . 25,000 00 25,500 00 

City of Urbana, Ohio, bonds, .... 15,000 00 15,000 00 

Hennepin Co. & Minneapolis City, Minn., b'ds, 25,000 00 28,000 00 

Wayne County, Michigan, bonds, . . . 25,000 00 26,250 00 

Mankato School District, Minn., bonds, . . 15,000 00 15,000 00 



172 



CONNECTICUT FIRE INSURANCE CO. 



School Dist. No. 24, Marion County, Ore., b'ds 
South School District Notes, Hart., Conn., b'ds 
Black Rocks|& Salisbury Beach St. R.R. Co. b'ds 
Broadway & Seventh Avenue R.R. Co. bonds 
C, B. & Q. R.R. Co. bonds, 
Chic, St. Louis & New Orleans R.R. Co. bonds 
Chicago & Northwestern R.R. Co. bonds, 
Chicago & Western Indiana R.R. Co. bonds, 
Cinn., D. & Ironton R.R. Co. bonds, 
Cin., Hamilton & Dayton R.R. Co. bonds, 
Cleveland, Cin., Chic. & St. Lo. R.R. Co. bonds 
Cleveland Electric Railway Co. bonds, . 
Cleveland & Mahoning Valley R.R. Co. bonds 
Dayton & Michigan R.R. Co. bonds, 
Detroit, Grand Rapids & Western R.R. Co. b'ds 
Fitehburg R.R. Co. bonds, 
Harlem River & Port Chester R.R. Co. bonds 
Hartford Street Railway Co. bonds, 
Illinois Central R.R. Co. bonds, . , 
Lehigh Valley Railway Co. bonds, . 
Lynn & Boston Railway Co. bonds, . 
Minneapolis & St. Louis R.R. Co. bonds, 
Norfolk & Western R.R. Co. bonds, 
North Chicago Street R.R. Co. bonds, 
N. Y. Central & H. R. R.R. Co. bonds, . 
N. Y., Lackawanna & Western R.R. Co. bonds 
N. Y., N. H. & H. R.R. Co. certificates, . 
Penn. & N. Y. Canal & R.R. Co. bonds, . 
Port Reading R.R. Co. bonds, . 
Southern Pacific R.R. Co. bonds, 
St. Louis & San Francisco R.R. Co. bonds, 
Toledo & Ohio Central R.R. Co. bonds, . 
Waterbury, Conn., Traction Co. bonds, . 
W. Chicago St. R.R. Co. bonds, 
W. Chicago St. R.R. Tunnel Co. bonds, . 
Adams Express Co. bonds, 
Brooklyn Wharf & Warehouse Co. bonds, 
Chicago Edison Co. bonds, 
Hartford Electric Light Co. bonds, . 
Minneapolis Gas Light Co. bonds, . 
People's Gas Light & Coke Co., Chicago, bonds 
Northwestern Telegraph Co. bonds, 
Central Safety Deposit Co., Chicago, bonds, 
Traders 1 Safe & Trust Co., Chicago, bonds, 
150 shares Bald Eagle Valley R.R. Co., . 
394 " Chic, Burl. & Quincy R.R. Co., 
150 " Chicago & Northwestern R.R. Co., 
242 " Chic, Rock Island & Pac R.R. Co 



Par Value. 

$13,000 00 

25,000 00 

10,000 00 

20,000 00 

17,000 00 

25,000 00 

5,000 00 

23,000 00 

15,000 00 

50,000 00 

10,000 00 

20,000 00 

10,000 00 

25,000 00 

3,500 00 

50,000 00 

40,000 00 

25,000 00 

25,000 00 

25,000 00 

10,000 00 

50,000 00 

25,000 00 

10,000 00 

25,000 00 

25,000 00 

40,000 00 

25,000 00 

10,000 00 

39,000 00 

25,000 00 

15,000 00 

10,000 00 

10,000 00 

10,000 00 

25,000 00 

75,000 00 

25,000 00 

10,000 00 

25,000 00 

25,000 00 

15,000 00 

15,000 00 

10,000 00 

7,500 00 

39,400 00 

15,000 00 

24,200 00 



Market Value. 

$14,040 00 
25,000 00 
10,000 00 
21,000 00 
17,720 00 
24,250 00 

5,400 00 
26,680 00 
16,500 00 
52,500 00 

9,300 00 
20,600 00 
12,500 00 
27,500 00 

3,290 00 
52,500 00 
44,800 00 
25,250 00 
24,500 00 
26,250 00 
10,600 00 
48,000 00 
22,250 00 
10,500 00 
26,500 00 
26,250 00 
55,750 00 
26,500 00 
10,500 00 
40,950 00 
25,000 00 
15,300 00 
10,200 00 
10,500 00 
10,100 00 
26,000 00 
57,000 00 
27,000 00 
10,200 00 
25,750 00 
26,250 00 
16,500 00 
15,000 00 
10,000 00 
14,625 00 
48,068 00 
23,700 00 
25,894 00 



CONNECTICUT FIRE INSURANCE CO. 



173 



150 shares 


375 


it 


300 


tt 


200 


<( 


600 


« 


167 


tt 


100 


fl 


11 


(t 


100 


It 


93 


tt 


125 


It 


185 


tt 


300 


tt 


412 


tt 


150 


(t 


45 


tt 



N. Y. Cent. & Hudson River R.R.Co., 
N. Y., New Haven & Hart. R.R. Co., 
Pitts., F. W. & Chicago R.R. Co., . 
Empire & B. S. Telegraph Co., 
Northwestern Telegraph Co., 
First Nat'l Bank, Minneapolis, 
Imp. & Traders' Nat'l Bank, N. Y., 
Second Nat'l Bank, New Haven, . 
iEtna National Bank, Hartford, 
Charter Oak Nat'l Bank, Hartford, 
Farmers' & Mech. Nat'l B'k, Hart., 
First National Bank, Hartford, 
Hartford National Bank, Hartford, 
National Exchange Bank, Hartford, 
Phoenix National Bank, Hartford, . 
Conn. Trust & S. D. Co., Hartford, 



Par Value. 

$15,000 00 
37,500 00 
30,000 00 
20,000 00 
30,000 00 
16,700 00 
10,000 00 

1,100 00 
10,000 00 

9,300 00 
12,500 00 
18,500 00 
30,000 00 
20,600 00 
15,000 00 

4,500 00 



Market Value. 

$19,500 00 
77,625 00 
54,000 00 
14,800 00 
34,200 00 
16,700 00 
50,000 00 

1,870 00 
16,600 00 

8,370 00 
14,250 00 
21,090 00 
40,500 00 
25,956 00 
18,000 00 

8,325 00 



$1,870,506 00 $2,097,899 00 



Securities held as collateral for cash loans : — 

200 shares N. Y., New Haven & Hartford R.R., 
239 " Swift & Co., Chicago, . 



Market Value. 

$41,400 00 
23,900 00 



Loaned Thereon 

$35,000 00 
15,000 00 



$65,300 00 $50,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, . 

Premiums in course of collection (gross) 

Notes taken for fire risks, 

Gross assets, .... 
Deduct special deposits in other States, 



Balance, $3,777,951 14 



31, 1899. 

$221,700 00 

1,100,840 00 

2,097,899 00 

50,000 00 

2,208 23 

222,448 42 

258,418 64 

10,696 85 



$3,964,211 14 
186,260 00 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



t,445 21 
127,657 71 
6,600 00 

$218,702 92 
17,874 78 

,828 14 



* Value of lands mortgaged, . ♦ . 
Value of buildings thereon, . . 
Amount of insurance held as collateral, 



$1,626,055 00 
1,732,625 00 
1,242,050 00 



174 



CONNECTICUT FIRE INSURANCE CO. 



Unearned premiums on outstanding risks, 
State and local taxes, .... 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from all other sources, 



Gross cash income, 



Expenditures. 

Cash paid for fire losses, $1,137,415 39 

Deduct salvage and reinsurance, . . . 75,448 24 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



$1,599,897 14 

7,840 84 

53,428 07 

27,345 86 

20,157 99 

$1,909,498 04 
83,349 00 



$1,826,149 04 

$1,951,802 10 
1,000,000 00 

$951,802 10 



$235,387 05 
2,167,825 75 

$2,403,212 80 
258,418 64 

$2,144,794 16 
286,939 37 



sources, 



Gross cash expenditures, . 

Risks and Premiums. 



$1,857,854 79 

55,794 93 

93,258 80 

3,968 62 

$2,010,877 14 



$1,061,967 15 
100,000 00 
343,464 80 
158,385 77 
62,704 06 
141,051 11 

$1,867,572 89 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . . 
Deduct amount reinsured, 

Net amount in force, . 



$246,585,929 00 

188,995,838 00 

$435,581,767 00 

158,885,513 00 

$276,696,254 00 

12,502,671 00 



Premiums. 

$2,940,397 89 
2,167,825 75 

$5,108,223 64 
1,881,339 23 

$3,226,884 41 
157,298 81 



$264,193,583 00 $3,069,585 60 



CONTINENTAL INSURANCE CO. 



175 



Miscellaneous. 
Premiums received from reorganization of company, 
Losses paid from reorganization of company, 
Fire losses incurred during the year, 
Cash dividends declared from reorganization of company 
Dividends declared during the year (10 per cent), 
Company's stock owned by directors, 



$27,078,406 00 

15,331,862 00 

1,123,491 00 

3,405,000 00 

100,000 00 

40,800 00 



» CONTINENTAL INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated November, 1852. Commenced business January, 1853.] 

Paid-up Capital, $1,000,000. 

F. C. MOORE, President. EDWARD LANNING-, Secretary. 

Detailed Statement of Stocks and Bonds. 

Tar Value. Market Value. 

United States bonds, $550,000 00 $632,500 00 

New York city bonds, 300,000 00 300,000 00 

Augusta Southern R.R. bonds, .... 50,000 00 50,000 00 

Chicago, Milwaukee & St. Paul bonds, . . 50,000 00 50,000 00 

Chicago & Northw'n R.R. sinking fund bonds, 43,000 00 47,300 00 

Chicago, St. Paul, Minn. & Omaha R'y bonds, . 100,000 00 120,000 00 

Columbia & Greenville R.R. bonds, . . . 50,000 00 50,000 00 

Elmira, Cortlandt & Northern bonds, . . 50,000 00 50,000 00 

Erie Railway Co. bonds, 100,000 00 125,000 00 

Georgia bonds, 25,000 00 25,000 00 

New Mexico bonds, 10,000 00 10,000 00 

Indiana, Bloomington & Western R.R. bonds, . 135,000 00 135,000 00 

Kentucky Central Railway Co. bonds, . . 50,000 00 42,500 00 

Louisville & Nashville R.R. bonds, . . . 50,000 00 50,000 00 

Metropolitan Street Railway Co. bonds, . . 100,000 00 105,000 00 

Midland Railroad Co. of New Jersey bonds, . 50,000 00 50,000 00 

Milwaukee, Lake Shore & Western R.R. bonds, 100,000 00 120,000 00 

Morris & Essex R.R. bonds, .... 50,000 00 60,000 00 

N. Y. Gas & Elec. L. H. & P. Co. bonds, . . 100,000 00 90,000 00 

New York, Lackawanna & Western R'y bonds, 50,000 00 60,000 00 

N. Y., New Haven & Hartford R.R. bonds, . 20,000 00 26,000 00 

Panama Railroad Co bonds, .... 95,000 00 95,000 00 

Richmond & Danville R.R. Co. bonds, . . 50,000 00 55,000 00 

Western Union Telegraph Co. bonds, . . 150,000 00 157,500 00 

Portland, Oregon, water bonds, . . . 50,000 00 52,500 00 

Richmond, Virginia, bonds 50,000 00 50,000 00 

Chic. & Alton Purchase Money Syndicate bMs, 38,800 00 38,800 00 

250 shares American Exchange Nat'l Bank, . 25,000 00 41,250 00 

50 " Bank of America, . . . 5,000 00 15,500 00 

1,200 " Mechanics' National Bank, . . 30,000 00 52,500 00 

250 " Mercantile National Bank, . . 25,000 00 40,000 00 

350 " Merchants 1 National Bank, . . 17,500 00 22,750 00 



176 CONTINENTAL INSURANCE CO. 

Par Value. Market Value. 

100 shares Nassau Bank, .... $5,000 00 $7,250 00 

200 " Central Trust Co., . . . 20,000 00 200,000 00 

100 " Albany & Susquehanna R.R., . 10,000 00 17,500 00 

1,000 " Atlanta&CharlotteAirLineR.R., 100,000 00 110,000 00 

15,000 " Brooklyn City R.R. Co., . . 150,000 00 330,000 00 

1,000 " Chicago & Eastern 111. R.R. Co., . 100,000 00 110,000 00 

2,000 " Chic., Mil. & St. Paul Railway, . 200,000 00 320,000 00 

2,000 " Chic & Northwestern Railway, . 200,000 00 340,000 00 

1,000 " Chic, St. Paul, Minn. &Om , haR , y, 100,000 00 160,000 00 

1,000 " Clev.,Cin., Chic. & St. Louis R'y,. 100,000 00 100,000 00 

1,500 " Great Northern R'y Co., . . 150,000 00 225,000 00 

200 " Delaware & Hudson Canal Co., . 20,000 00 20,000 00 

1,500 " Lake Shore & Mich. South'n R'y, 150,000 00 270,000 00 

500 " N. Y., Chic. & St. Louis R.R. Co., 50,000 00 32,500 00 

4,408 " New York & Harlem R.R. Co., . 220,400 00 771,400 00 

1,000 " N. Y., New H'n & Hart. R.R. Co., 100,000 00 200,000 00 

2,000 " Northern Pacific R'y Co., . . 200,000 00 140,000 00 

4,550 " Pennsylvania R.R. Co., . . 227,500 00 273,000 00 

5,000 " Pitts., McKees. & Youg. R.R. Co., 250,000 00 300,000 00 

500 " Rome, Watert'n & Og. R.R. Co., . 50,000 00 60,000 00 

500 " Second Ave. R.R. Co., . . . 50,000 00 95,000 CO 

2,000 " United N. J. R.R. & Canal Co , . 200,000 00 500,000 00 



$5,222,200 00 £7,400,750 00 

Summary of Assets Dec. 31, 1899.* 

Cash value of unencumbered real estate, . $1,106,250 00 

Loans on mortgage of real estate (first liens f), 78,710 00 

Interest accrued thereon, . . . . . 1,344 67 

Stocks and bonds, as per schedule, . . . 7,400,750 00 

Cash in the office of the company, . . . 4,761 68 

Cash deposited in bank, 489,387 31 

Interest due and accrued, 61,349 19 

Premiums in course of collection (gross), . 556,939 93 

Notes taken for tire risks, 108,803 63 

Rents due and accrued, 1,364 42 

Prem'smore than three mos. due, $326,070 55 

Gross assets,} $9,809,660 83 

Deduct special deposits in other States, 137,500 00 



Balance, $9,672,160 83 

* The company holds also instalment premium notes to the amount of $1,467,565.78, which 
do not enter into or form any part of the assets of the company, as no portion of them is earned. 
Whatever value is attached to them would necessarily be counterbalanced by the addition of 
an amount exactly equal to the reinsurance liability, the entire sum consisting of " unearned 
premiums." 

t Value of lands mortgaged, $95,650 00 

Value of buildings thereon, 90,500 00 

Amount of insurance held as collateral 99,600 00 

X Including $600,000 special reserve fund held under New York laws. 



CONTINENTAL INSURANCE CO. 



177 



Liabilities. 

Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Reserved for contingencies, 

Gross liabilities, except capital, 
Deduct liability on special deposits, . 



Surplus as regards policy holders, 
Paid-up capital, 



Surplus over capital, 



Income 

Fire premiums outstanding Dec. 31, 1898 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 



Gross cash income, 



$316,467 65 
' 34,179 00 

$350,646 65 
26,243 78 

$324,402 87 

3,968,336 70 

28,501 00 

6,0 ( J0 24 

15,000 00 

132,334 91 

300,000 00 

K,774,665 72 
94,855 45 



$4,679,810 27 



. $4,992,350 56 
. 1,000,000 00 



$3,992,350 56 



other 



Expenditures 
Cash paid for fire losses, . 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash dividends paid, . 
Cash paid for redemption of scrip, 
Interest paid scrip holders, 



$582,919 63 
4,499,179 37 

$5,082,099 00 
665,743 56 

$4,416,355 44 
540,276 55 



sources, 



$3,876,078 89 

4,481 55 

384,993 69 

15,634 63 

$4,281,188 76 



$2,367,927 17 
93,767 49 



1,274,159 68 

250,150 00 

84 00 

1 44 



178 



THE DELAWARE INSURANCE CO. 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, . 
for State and local taxes, .... 
for incidentals, 

Gross cash expenditures, 



$806,043 60 
320,861 85 
118,678 10 
217,471 26 

$4,017,449 93 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 



In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



Risks and Premiums. 

Premiums. 

$806,309,741 00 $7,406,102 73 
512,214,400 00 4,499,179 37 



$1,318,524,141 00 $11,905,282 10 
472,635,202 00 4,089,469 73 



$845,888,939 00 $7,815,812 37 
16,764,802 00 182,444 08 



. $829,124,137 00 $7,633,368 29 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (25 per cent.), . 
Company^ stock owned by directors, .... 



$76,533,359 00 

42,111,770 00 

2,247,633 00 

6,394,357 00 

250,000 00 

168,400 00 



THE DELAWARE INSURANCE COMPANY OF PHILADELPHIA/' 

PHILADELPHIA, PA. 

[Incorporated April 10, 1835. Commenced business Aug. 6, 1835.] 

Paid-up Capital, $702,875. 

TATTNALL PAULDING, President. HENRY LYLBURN, Secretary. 



Detailed Statement of 



United States bonds, . 
Tennessee State bonds, 
Georgia State bonds, 
Richmond, Va., city bonds, 
Newark, N. J., city bonds, 
Camden, N. J., city bonds, 
Springfield, 111., city bonds, 
Allentown Terminal R.R. bonds, 
Lehigh Valley R.R. bonds, 



Stocks and Bonds. 

Par Value. 

8100,000 00 
31,300 00 
25,000 00 
37,000 00 
75,000 00 
30,000 00 
25,000 00 
50,000 00 
125,000 00 



Market Value. 
$113,000 00 

29,735 00 
27,000 00 
38,850 00 
78,750 00 
32,400 00 
26,250 00 
47,500 00 
125,250 00 



THE DELAWARE INSURANCE CO. 



179 



Penn. & N. Y. Canal and R.R. Co. bonds, 
Delano Land Co. bonds, .... 
Mortgage Trust Company, Penn., bonds, 
Wilmington & Northern R.R. bonds, 
Brooklyn Wharf & Warehouse Co. bonds, 
St. Louis Merchants' Bridge Term. Co. bonds 
Philadelphia, Wil. & Bait. R.R. certificates, 
Pitts., Youngstown & Ashtabula R.R. bonds, 
People's Passenger Railway Co. bonds, . 
Pittsburgh, Shenango & Lake Erie R.R. bonds 
United Traction Co. (Pittsburgh) bonds, 
Lynn & Boston R.R. Co. bonds, 
Allegheny Valley R.R. Co. bonds, . 
Johnson Steel Co. bonds, .... 
Westinghouse Electric & Mfg. Co. bonds, 
Pennsylvania R.R. stock, .... 
Philadelphia Bourse stock, 
Underwriters' Salvage Co. of N. Y. stock, 



Par Value. 

$50,000 00 
30,000 00 
15,000 00 
25,000 00 
20,000 00 
25,000 00 
30,000 00 
40,000 00 
30,000 00 
25,000 00 
20,000 00 
20,000 00 
50,000 00 
18,000 00 
20,000 00 
25,000 00 
1,375 00 
500 00 



Market Value. 

$47,500 00 
30,900 00 
10,950 00 
26,750 00 
15,000 00 
27,500 00 
32,100 00 
48,000 00 
32,400 00 
28,500 00 
22,400 00 
22,400 00 
54,750 00 
18,900 00 
21,000 00 
32,750 00 
307 50 
500 00 



$943,175 00 $991,342 50 



Securities held as collateral for cash loans : — 

N. Chicago Street R'y bonds, .... 
Chicago Passenger R'y Co. bonds, . 
Asphalt Co. of America bonds, 



Market Value. 

$26,000 00 
39,900 00 
30,600 00 



Loaned Thereon. 

$50,000 00 
25,000 00 



,500 00 $75,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, . 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, .... 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Notes taken for fire risks, 

Rents due and accrued, .... 

Gross assets, 

Deduct special deposits in other States, . 

Balance, 



31, 1899. 

$160,000 00 

128,700 00 

1,818 34 

991,342 50 

75,000 00 

412 07 

67,476 73 

245 83 

176,853 01 

1,429 27 

639 23 



$1,603,916 98 
65,850 00 

$1,538,066 98 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$213,000 00 

108,000 00 

96,500 00 



180 



THE DELAWARE INSURANCE CO. 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Dividends to stockholders unpaid, . 
Commissions and brokerage, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



$3,460 28 

82,076 72 

2,240 00 

$87,777 00 
21,807 00 

$65,970 00 

577,142 84 

102,645 50 

97 00 

19,774 77 

12,324 39 

$777,954 50 
34,760 00 



$743,194 50 

$794,872 48 
702,875 00 

$91,997 48 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

from premiums on perpetual policies 

from miscellaneous, 
Deposits received for perpetual fire risks, 



$153,469 75 
928,171 54 

$1,081,641 29 
176,853 01 

$904,788 28 
215,917 25 



sources, 



$688,871 03 

8,494 12 

46,005 44 

3,763 55 

6,341 01 

603 74 



$11,651 32 



Gross cash income, $754,078 89 



Expenditures. 
Cash paid for fire losses, . 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash paid for marine and inland losses, 
Cash dividends paid, 



§502,038 46 
64,172 40 



$437,866 06 

537 70 

42,172 50 



THE DETROIT FIRE AND MARINE INSURANCE CO. 181 

Cash paid for commissions and brokerage, .... $149,118 72 

for salaries of officers and employees, . . . 73,026 13 

for State and local taxes, 34,243 09 

for incidentals, 59,230 98 

Deposits returned on perpetual fire risks, . $6,053 70 

Gross cash expenditures, $796,195 18 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898. 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Perpetual risks in force (not incl'd above) 



Premiums. 

$105,982,042 00 $1,213,973 80 
82,980,838 00 928,171 54 



$188,962,880 00 $2,142,145 34 
72,972,622 00 840,043 62 



$115,990,258 00 $1,302,101 72 
12,615,330 00 163,864 30 



$103,374,928 00 $1,138,237 42 
$4,060,016 00 $111,863 92 



Miscellaneous . 

Premiums received from organization of company, . $33,286,513 00 

Losses paid from organization of company, . . . 19,800,009 00 

Fire losses incurred during the year, .... 429,320 00 

Cash dividends declared from organization of company, 2,697,763 00 

Dividends declared during the year (6 per cent.), . . 42,172 00 

Company's stock owned by directors, .... 61,150 00 



"THE DETROIT FIRE AND MARINE INSURANCE COMPANY," 

DETROIT, MICH. 

[Incorporated Feb. 1, 1866. Commenced business March 14, 1866.] 
Paid-up Capital, $500,000. 
WILLIAM A. MOORE, President. A. H. McDONELL, Secretary. 

Detailed Statement op Stocks and Bonds. 

Par Value. 

United States bonds, . . ' . . . . $65,000 00 
School District, Springfield, Mich., bonds, . 6,000 00 



$71,000 00 
Securities held as collateral for cash loans : — 

Market Value. 

Mortgage assigned, . - . . . . $2,000 00 

People's Savings Bank stock, . . . 2,400 00 

$4,400 00 
Excess of loan, 



Market Value. 

$73,287 50 
6,000 00 


$79,287 50 

oaned Thereon. 

$700 00 
2,700 00 


$3,400 00 
300 00 



$3,100 00 



182 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



Summary of Assets Dec. 31, 1899. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, . 
Cash in the office of the company, . 

Cash deposited in bank, 

Interest due and accrued, 

Premiums in course of collection (gross), 
Advances on losses and claims on vessels and 

cargoes, 

Prem's more than three mos. due, $6,784 90 
Gross assets, 



$279,757 33 

802,531 75 

34,162 22 

79,287 50 

3,100 00 

5,904 22 

62,788 99 

3,811 69 

29,766 44 

2,297 53 



$1,303,407 67 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Return premiums, .... 

Reinsurance, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid up capital, .... 



$5,492 19 

19,312 88 

1,000 00 

147,657 02 

4,568 33 

2,525 23 

547 72 



181,103 37 



. $1,122,604 30 
. 500,000 00 



Surplus over capital, $622,604 30 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 



828,817 44 

203,116 65 

$231,934 09 

35,117 95 

,816 14 

35,911 05 



8160,905 09 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$1,089,698 00 
973,060 00 
595,798 00 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



183 



Marine premiums outstanding Dec. 81, 1898, . 
Premiums on risks written or renewed, . 



Total, ...... 

Premiums now in course of collection, 



$5,367 76 
48,091 53 

153,459 29 
1,433 39 

152,025 90 
5,388 50 



Entire premiums collected, .... 
Less reinsurance and return premiums, . 

Net cash marine premiums received, . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents 



,637 40 

56,101 52 

10,222 40 

3,365 96 



Gross cash income, ........ $277,232 37 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash paid for marine and inland losses, . 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, 
Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



$95,737 62 
8,725 51 

157,176 33 
2,754 10 



$87,012 11 



54,422 23 
50,000 00 
23,096 02 
23,474 95 
20,348 94 
20,151 04 



Gross cash expenditures, ....... $278,505 29 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1898, . .$24,658,055 00 $266,29182 
Fire risks written during 1899, . . . 21,740,958 00 203,116 65 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 

Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 



Total, 

Deduct risks expired and terminated, 



. $46,399,013 00 $469,408 47 
. 18,669,342 00 194,593 49 



. $27,729,671 00 $274,814 98 

. $761,250 00 $28,991 29 
. 5,698,726 00 48,091 53 



$6,459,976 00 $77,082 82 
6,140,089 00 59,601 76 



In force at end of year, . 



$319,887 00 $17,481 06 



184 



EASTERN INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, 



$7,292,645 00 

3,740,094 00 

100,407 00 

30,604 00 

966,000 00 

50,000 00 

108,800 00 



"EASTERN INSURANCE COMPANY OF NEW YORK," 
NEW YORK, N. Y. 

[Incorporated April 22; 1896. Commenced business April 25, 1896.] 

Paid-up Capital, $200,000. 

VERNON C. BROWN, President. JAMES MARSHALL, Secretary. 






Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, f 150,000 00 

New York city bonds, 70,000 00 

Equitable Gas Light Co. (N. Y.) bonds, . . 35,000 00 

Pennsylvania Co. bonds, 10,000 00 

Norfolk & Western R.R. bonds, . . . 10,000 00 

Ann Arbor R.R. Co. bonds, .... 10,0Q0 00 



Market Value. 

$199,275 00 

74,550 00 

40,950 00 

11,500 00 

9,050 00 

9,000 00 



$285,000 00 ?344,325 00 



Summary of Assets Dec. 31, 1899. 



Loans on mortgage of real estate (first liens 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, 

Gross assets, 



% 



Liabilities. 



Losses claimed and reported, 
Losses disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



$72,000 00 

906 67 

344,325 00 

22,592 67 

2,275 00 

74,005 35 

13,999 15 



$137,365 55 
1,875 00 

8139,240 55 
67,682 04 

£7 1,558 51 



$530,103 84 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$81,000 00 
44,000 00 
40,000 00 



EASTERN INSURANCE CO. 



185 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



$122,729 56 

24,592 64 

41,034 74 

5,187 37 



$265,102 82 

$265,001 02 
200,000 00 

$65,001 02 



Income. 

Fire premiums outstanding Dec. 31, 1898, . $100,573 70 
Premiums on risks written or renewed, . . 1,010,719 74 

Total, $1,111,293 44 

Premiums now in course of collection, . . 74,005 35 

Entire premiums collected, .... $1,037,288 09 
Less reinsurance and return premiums, . . 631,428 45 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 



$405,859 64 

2,440 00 

18,169 57 



Gross cash income, $426,469 21 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . . - 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for rent and incidentals, . 



$584,114 72 
180,222 78 



$403,891 94 

10,000 00 

146,220 94 

104 58 

13,660 22 

1,781 89 



Gross cash expenditures, $575,659 57 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, . 



Risks and Premiums. 

Premiums. 

$48,802,092 00 $470,668 91 
116,678,321 00 1,010,719 74 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



$165,480,413 00 $1,481,388 65 
107,718,532 00 899,608 00 



$57,761,881 00 $581,780 65 
34,757,143 00 356,790 36 



$23,004,738 00 $224,990 29 



186 



EMPIRE CITY FIRE INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), . 
Company's stock owned by directors, . 



$1,093,605 00 

625,295 00 

436,974 00 

40,000 00 

10,000 00 

59,500 00 



"EMPIRE CITY FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated October, 1850. Commenced business October 5, 1850.] 

Paid-up Capital, $200,000. 

LINDLEY MURRAY, Jr., President. DAVID J. BURTI3, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, $200,000 00 

New York city bonds, 40,000 00 

Lake Shore & Michigan Southern R'y bonds, . 10,000 00 

American Exchange National Bank stock, . 5,000 00 

Underwriters' Salvage Co., bonds. . . . 500 00 



Market Value. 

? 230,000 00 

40,000 00 

11,000 00 

9,250 00 



$255,500 00 $290,250 00 



Summary of Assets Dec. 31, 1899. 



Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Gross assets, 



$5,500 00 

137 50 

290,250. 00 

328 52 

36,165 41 

3,204 98 



$335,586 41 



Liabilities. 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, 



$10,850 00 

66,066 02 

480 75 

28 46 



77,425 23 

$258,161 18 
200,000 00 

$58,161 18 



* Value of lands mortgaged, . 
Value of buildings tbereon, . • 
Amount of insurance held as collateral, 



$5,000 00 

10,000 00 

5,000 00 



EMPIRE CITY FIRE INSURANCE CO. 



187 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from all other sources, 



|6,570 59 
148,601 82 

$155,172 41 
3,204 98 

$151,967 43 
21,735 03 



$130,232 40 

275 00 

10,123 20 

136 42 



Gross cash income, $140,767 02 



Expenditures. 

Cash paid for fire losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, . 

Gross cash expenditures, .... 



$52,542 01 

12,000 00 

37,474 34 

11,520 00 

342 38 

6,170 54 

. $120,049 27 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$8,162,229 00 $60,113 12 
16,698,911 00 148,601 82 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, , 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (6 per cent.), . 

Company's stock owned by directors, .... 



$24,861,140 00 $208,714 94 
11,230,170 00 84,417 92 



$13,630,970 00 $124,297 02 
95,614 00 431 37 



$13,535,356 00 $123,865 65 



(3,602,031 00 

1,674,264 00 

58,773 00 

915,000 00 

12,000 00 

46,300 00 



188 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



"EQUITABLE FIRE AND MARINE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated May, 1859. Commenced business September, I860.] 

Paid-up Capital, $400,000. 

FRED. W. ARNOLD, President. JAME8 E. TILLINGHA8T, Secretary. 



Detailed Statement of Stocks 



290 " N'l B'k of Commerce, Providence, . 
200 " American National B'k, Providence, 

18 " Third National Bank, Providence, . 
100 " Fourth National Bank, Providence, 
100 " First National Bank, Warren, 
500 " Providence Gas Co., 
200 " N. Y. Cent. & Hud. River R.R. Co., 
200 " Illinois Central R.R. Co., 
110 " Chic, Rock I'd & Pacific R.R. Co., . 
132 " Chicago, Burl. & Quincy R.R. Co., 

50 " Rhode Island & Mass. R.R. Co., . 

50 " Wells, Fargo & Co , 

United States bonds, 

City of Boston bonds, 

Pawtuxet Valley R.R. bonds, .... 
N. Y. Central & Hudson River R.R. bonds, 
Lehigh Valley Terminal R.R. Co. bonds, 
Milwaukee City R.R. bonds, 
Bridgeport Traction Co. bonds, 
Lynn & Boston R.R. Co. bonds, 
Columbus, Ohio, St. R.R. Co. bonds, 
United Traction & Electric Co. bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Milwaukee Elec. Railway & Light Co. bonds, . 
Pawtucket Electric Co. bonds, .... 

Western Gas Co. bonds, 

Metro. Water Works Co. (Kansas City) bonds, 



Securities held as collateral for cash loans : 

800 shares United Traction & Electric Co., 

United States bonds, 

6 shares Merchants Natl Bank (Prov., R.I.) 
12 " Phenix National Bank (Prov., R.I.) 
Milwaukee Electric Light & R'y Co. bonds, 



and Bonds. 

Par Value. 

$50,000 00 

14,500 00 

10,000 00 

1,800 00 

10,000 00 

10,000 00 

25,000 00 

20,000 00 

20,000 00 

11,000 00 

13,200 00 

5,000 00 

5,000 00 

60,000 00 

25,000 00 

22,000 00 

12,000 00 

10,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

3,000 00 

20,000 00 

10,000 00 

10,000 00 

7,000 00 



Market Value. 

f43,500 00 

14,137 50 

8,600 00 

1,656 00 

11,800 00 

8,700 00 

48,625 00 

26,250 00 

22,500 00 

11,742 50 

16,104 00 

5,500 00 

6,125 00 

68,700 00 

28,000 00 

22,330 00 

13,140 00 

11,000 00 

5,362 50 

5,250 00 

5,570 00 

5,487 50 

5,739 25 

3,230 00 

21,800 00 

10,700 00 

10,433 00 

4,900 00 



$399,500 00 ?446,882 25 



Market Value. Loaned Thereon. 

$86,400 00 150,000 00 
3,435 00 -\ 
360 00 S 4,000 00 
960 00 ) 
10,900 00 8,000 00 



$102,055 00 $62,000 00 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



189 



Summary of Assets Dec. 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) , 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the oflice of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Prem's more than three mos. due, . $795 06 
Gross assets,! 

Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
State and local taxes, ... 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, ..... 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 

Total 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1898, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 



31, 1899. 

$124,000 00 

142,100 00 

446,882 25 

62,000 00 

97 25 

31,678 29 

69,995 79 

1,285 00 



$8,022 00 
21,956 00 
3,500 00 
254,251 05 
1,500 00 
1,000 00 
8,034 90 
2,000 00 
2,385 34 



$48,712 43 
410,390 23 



$459,102 
70,677 


66 
63 


$388,425 
60,476 


03 
41 


$94 49 
1,284 86 


$1,379 
113 


35 
22 


$1,266 13 
14 33 



$878,038 58 



302,649 29 

$575,389 29 
400,000 00 

$175,389 29 



$327,948 62 



1,251 80 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$156,950 00 
244,600 00 
201,250 00 



t Including $70,000 special reserve fund held under Rhode Island laws. 



190 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



Interest received on mortgages, f 8,36 1 49 

Interest and dividends received from all other sources, . . 19,804 92 

Income from rents, 1,727 63 

Received for increased capital, . . . $100,000 00 

Gross cash income, $359,094 46 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



$200,653 36 

7,215 26 

$886 49 

667 98 



Gross cash expenditures, . 



$193,438 10 



218 51 
24,500 00 
65,344 29 
31,164 12 
12,613 27 
25,798 48 

$353,076 77 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 



.$ 39,255,042 00 
. 38,084,271 00 

. $77,339,313 00 
. 29,222,604 00 

. $48,116,709 00 
. 2,264,744 00 

. $45,851,965 00 

$23,621 00 
228,659 00 

. $ 252,280 00 
241,697 00 

$10,583 00 



Premiums. 

$429,762 69 
410,390 23 



$840,152 92 
321,954 40 


$518,198 52 
23,927 08 


$494,271 44 

8462 12 
1,284 86 


$1,746 98 
L351 57 



$395 41 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6| per cent.), 
Company's stock owned by directors, .... 



$6,487,054 00 

4,037,242 00 

207,855 00 

219 00 

641,500 00 

24,500 00 

95,250 00 



THE ERIE FIRE INSURANCE CO. 



191 



"THE ERIE FIRE INSURANCE COMPANY," BUFFALO, N. Y. 

[Incorporated March 14, 1874. Commenced business March 18, 1874.] 
Paid-up Capital, $200,000. 
JOSEPH M. KERTZ, President. JOHN C. BERTRAND, Secretary. 



Securities held as collateral for cash loans : 

Third National Bank stock, . 
Metropolitan Bank stock, . 



Market Value. Loaned Thereon. 

|3,750 00 $2,500 00 
1,250 00 1,000 00 



$5,000 00 $3,500 00 



Summary of Assets Dec 31, 1899. 

Cash value of unencumbered real estate, . $2,847 74 

Loans on mortgage of real estate (first liens *), 511,498 60 

Interest due or accrued thereon, . . . 9,448 84 

Loans on collateral security, as per schedule, . 3,500 00 

Cash in the oflice of the company, . . . 6,403 64 

Cash deposited in bank, 35,151 77 

Premiums in course of collection (gross) , . 46,028 74 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, $6,889 76 

claimed and reported, .... 11,434 72 

disputed or resisted, .... 2,950 00 

Unearned premiums on outstanding risks, . 233,301 75 

Commissions and brokerage, .... 6,255 00 

Reinsurance disallowed, 280 37 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 



$37,622 89 
371,120 17 

$408,743 06 
46,028 74 

$362,714 32 
104,222 03 



$614,879 33 



261,111 60 

$353,767 73 

200,000 00 

$153,767 73 



$258,492 29 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$853,900 00 
665,950 00 
521,410 00 



192 



THE ERIE FIRE INSURANCE CO. 



Marine premiums outstanding Dec. 31, 1898, . 14,521 97 

Premiums on risks written or renewed, . . 1,471 08 

Total, $5,993 05 

Less reinsurance and return premiums, . . 923 81 

Net cash marine premiums received, . . $5,069 24 

Interest received on mortgages, 33,698 34 

Interest and dividends received from all other sources, . . 651 88 

Income from rents, 105 00 

Gross cash income, 1298,016 75 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for rents, 

for incidentals, 



$208,972 10 
38,448 34 



Gross cash expenditures, 



$ 170,523 76 

141,355 43 

10,000 00 

63,191 24 

26,912 83 

6,812 68 

1,200 00 

19,013 60 

1439,009 54 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1898, 
Deduct risks expired and terminated, 



. $35,394,224 00 
. 40,383,884 00 



. $75,778,108 00 

. 28,625,991 00 

. $47,152,117 00 

893,977 00 



Premiums. 

$331,760 92 
371,120 17 

$702,881 09 
258,100 71 

$444,780 38 
7,916 25 



. $46,258,140 00 f 436,864 13 



. §2,098,469 00 
. 2,098,469 00 



$66,032 38 
66,032 38 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), . 
Company's stock owned by directors, .... 



?1,359,723 00 

686,984 00 

155,570 00 

7,959 00 

30,000 00 

10,000 00 

94,800 00 



THE FARMERS FIRE INSURANCE CO. 



193 



"THE FARMERS' FIRE INSURANCE COMPANY," YORK, PA. 

[Incorporated April 6, 1853. Commenced business May 16, 1853.] 
WM. H. MILLER, President. D. STRICKLER, Secretary. 



Detailed Statement op Stocks 



N. C. R'y bonds, 

Pennsylvania R.R. bonds, .... 

Philadelphia & Erie R.R. bonds, 

Shamokin, Sun bury & Lewisburg R.R. bonds, 

United States bonds, . 

Lehigh Valley R.R. bonds, 

Potomac Valley R.R. bonds, 

Lehigh Valley Coal Co. bonds, 

Spring Garden school bonds, 

Central Market House Co. bonds, 

12 shares Farmers 1 Nat'l Bank, York, Pa., 

50 ■ 

90 ' 
615 

200 ' 
2,191 

26 



York Co. Nat'l Bank, York, Pa., 
First National Bank, York, Pa., 
York National Bank, York, Pa., 
Pennsylvania R.R. Co., 
York Water Co., . 
York Gas Co. bonds, . 



and Bonds. 

Par Value. 

$26,000 00 

20,000 00 

15,000 00 

10,000 00 

75,000 00 

25,000 00 

10,000 00 

10,000 00 

11,500 00 

10,000 00 

1,200 00 

1,000 00 

9,000 00 

15,375 00 

10,000 00 

54,775 00 

1,300 00 



Market Value. 

$27,300 00 

25,800 00 

17,850 00 

10,300 00 

85,500 00 

25,000 00 

10,500 00 

10,000 00 

11,500 00 

10,000 00 

1,800 00 

2,100 00 

18,720 00 

26,445 00 

13,000 00 

106,263 50 

2,060 50 



Securities held as collateral for cash loans : 

131 shares First Nat'l B'k (York, Pa.), . 
51 " York Water Co., , ... 
17 " York Gas Co., .... 
12 " Pennsylvania R.Rr. Co., . 
20 " York Trust Co., . 



Summary of Assets Dec. 31, 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, . 

Cash in the office of the company, . 

Cash deposited in bank, 

Interest due and accrued, 



$305,150 00 $404,139 00 



Market Value. Loaned Thereon. 



$27,248 00 


$18,000 00 


2,473 50 


1,500 00 


2,127 25 


1,400 00 


1,100 00 


500 00 


$32,948 75 


$21,400 00 


1899. 




$43,800 00 




181,935 00 




4,220 20 




404,139 00 




21,400 00 




3,012 97 




46,652 96 




449 13 





* Value of lands mortgaged, $249,315 00 

Value of buildings thereon, 276,960 00 

Amount of insurance held as collateral 92,175 00 



194 



THE FARMERS' FIRE INSURANCE CO. 



Premiums in course of collection (gross), 
Rents due and accrued, .... 
Prem's more than three mos. due, f 4,378 73 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 
Reinsurance disallowed, .... 
Gross liabilities, 

Surplus as regards policy holders, . 

Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, .... 

Expenditures. 

Cash paid for fire losses, $246,236 37 

Deduct salvage and reinsurance, . . . 4,515 33 

Net cash paid for fire losses, . 

Cash paid for commissions and brokerage, 

for salaries of qfiScers and employees, 

for State and local taxes, 

for incidentals,. 



Gross cash expenditures, 



$54,148 37 
102 65 



$9,417 52 

20,017 00 

6,940 00 

$36,374 52 
75 00 

$36,299 52 

363,932 65 

3,914 04 

156 95 

3,500 00 

10,829 67 

115 78 



$57,798 85 

796 10 

$57,002 75 

434,826 39 

$491,829 14 

58,527 10 

$433,302 04 

44,791 74 



sources, 



$759,860 28 



418,748 61 
$341,111 67 



$388,510 30 

10,649 26 

14,303 58 

879 37 

$414,342 51 



$241,721 04 

89,217 08 

31,704 07 

8,712 50 

26,727 66 

$398,082 35 



FIDELITY FIRE INSURANCE CO. 



195 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$55,260,324 00 $660,497 39 
36,910,577 00 434,826 39 



Total, ..:... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 



Net a,mount in force, .... 
Perpetual risks in force (not incl'd above), 



$92,170,901 00 $1,095,323 78 
31,871,812 00 385,313 28 



$60,299,089 00 $710,010 50 
532,501 00 6,541 52 



$59,766,588 00 $703,468 98 
$138,525 00 $4,120 04 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 



£8,893,162 00 

6,180,125 00 

243,846 00 



"FIDELITY FIRE INSURANCE COMPANY OF BALTIMORE 
CITY," BALTIMORE, MD. 

[Incorporated Feb. 25, 1899. Commenced business April 6, 1899.] 

Paid-up Capital, $500,000. 

J. W. MIDDENDORF, President. JAMES H. STONE, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $123,560 00 $136,379 35 

Virginia State bonds, 28,000 00 23,800 00 

Baltimore city bonds, 125,600 00 140,922 00 

Bait., Catons & El. City R.R. bonds, . . 15,000 00 16,500 00 

Atlantic Coast Line bonds, .... 25,000 00 26,125 00 

Seaboard & Roanoke R.R. bonds, . . . 6,000 00 6,480 00 

Bait. & Cumberland Valley R.R. bonds, . . 6,000 00 6,300 00 

Richmond & Danville R.R. bonds, . . . 3,000 00 3,000 00 

Southern R.R. bonds, 2,000 00 2,170 00 

Norfolk & Carolina R.R. bonds, . . . 10,000 00 11,300 00 

Georgia Pacific R.R. bonds, .... 8,000 00 9,720 00 

Georgia, Carolina & Northern R.R. bonds, . 5,000 00 5,000 00 

City & Suburban R'y bonds, .... 10,000 00 11,500 00 

Lexington, Ky., R'y certificates, . . . 11,250 00 11,812 50 

Consolidated Gas Co. (Bait, city) bonds, . . 25,000 00 29,250 00 

50 shares Georgia & Alabama R.R., . . 6,100 00 2,450 00 

220 " B. & O. R.R., 22,000 00 14,350 00 



190 



FIDELITY FIRE INSURANCE CO. 



20 shares Mer. Trust Co., Baltimore, 

G'y Trt & Safe Dep. Co. (Phil.) cert, of dep., 

Securities held as collateral for cash loans : — 



250 shares Md. Casualty Co., . 

100 " Int. Trust Co., . 

150 " Ala. Con. Coal & Iron Co., 

Maryland Tel. & Tel. Co. bonds, 

Maryland Tel. Manufacturing Co. bonds, 

Georgia & Alabama Terminal bonds, 

10 shares Maryland Casualty Co., . 

75 " Norfolk Street R'y, . 

55 " Va. Car. Chem. Co., . 

Alabama Con. Coal & Iron Co. certificates, 

20 shares Seaboard & Roanoke R.R. Co., 
300 " Virginia Car. Chem. Co., 
South Bound R.R. bonds, . 
City & Sub. R'y bonds, . 
North Baltimore Trac. Co. bonds, . 
Sea. & Roa. certificate of indebtedness, 
15 shares Westinghouse Air Brake Co., 

1 share Baltimore Steam Packet Co., 
Va. Elec. 1st, bonds, .... 
Richmond & Manchester bond, 

25 shares Maryland Casualty Co , . 
170 " 
136 • " 
^72 " 

10 " 

50 " 

20 " 

90 " 

50 " 

12 " 

75 " 



Suffolk & Carolina R.R.,. 
Va. Car. Chem. Co., 
Maryland Casualty Co., . 
Realty Trust Co., 
International Trust Co., . 
Maryland Casualty Co., . 
American Bonding & Trust Co 
Ga., So. & Florida, . 
Sea. & Roanoke, 
Consolidated Gas, . 

South Bound R.R. bonds, . 

15,000 shares Fla. Ceu. & Pen. allotments 
25 " Guardian Trust, . 
100 " Continental Tobacco, . 
100 " Rich. & Petersburg R.R., 
100 " Continental Trust Co., 

South Bound R.R. bonds, . 

Ral. & Gaston R.R. bonds, 

Carolina Central R.R. bonds, . 

100 shares Baltimore Brick Co., 

100 " Maryland Casualty, 

900 " United Railway & Elec. Co., 



Par Value. 


Market Value. 


$1,000 00 


$4,800 00 


200 00 


200 00 


$432,710 00 


$462,058 85 


Market Value. 


Loaned Thereon. 


f 17,000 00] 
10,000 00 






15,000 oo ; 


> £41,000 00 


8,000 00 

* 


2,000 00 ; 




5,000 00^ 




680 00 




4,500 00 


■ 30,000 00 


6,000 00 




16,300 00 




4,000 00, 




24,000 00 >| 




1,900 00 




2,300 00 




1,175 00 


> 30,000 00 


2,120 00 




2,880. 00 




2,000 00 > 




18,000 00 


15,000 00 


750 00 > 


) 


1,700 00 


> 5,000 00 


3,100 00, 


) 


10,775 00 


7,500 00 


18,496 00 


16,000 00 


5C0 00 


450 00 


5,000 00 , 


4,500 00 


1,360 00 ' 


8,100 00 ' 




2,900 00 


i 


2,400 00 


)> 18,000 00 


4,012 00 


■ 


2,790 00; 


i 


15,000 00 > 


) 


2,825 00 


> 18,000 00 


3,200 00, 


) 


12,400 00 


10,000 00 


16,500 00 ' 




2,820 00 




2,260 00 


> 25,000 00 


900 00 




2,000 00 




6,800 00, 




13,950 00 


10,000 00 



FIDELITY FIRE INSURANCE CO. 



197 



Ral. & Aug. R.R. bonds, .... 
100 shares Maryland Casualty, 
Chas. Consolidated Railway & Electric bond, 
Col., Phy. & Sur. bond, .... 
61 shares Georgia & Alabama Railroad, . 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, 
Prem's more than three mos. due, . $1,536 43 
Gross assets, ...... 



Market Value. Loaned Thereon. 

$2,300 00^ 

6 ' 80000 ^ $10,000 00 
975 00 f T ' 

2,000 00 J 



1,494 50 



1,200 00 



$297,262 50 $241,650 00 

31, 1899. 

$35,000 00 

462,058 85 

241,650 00 

4,896 91 

14,823 84 

8,041 24 

38,863 20 

1,509 30 • 



$806,843 34 



Liabilities. 

Losses adjusted, unpaid, .... 
Losses claimed and reported, . 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



$7,273 25 
16,853 46 

$24,126 71 
8,369 25 

$15,757 46 

186,693 15 

10,435 15 

6,794 21 

4,973 18 



Income. 

Premiums on risks written or renewed, . . $383,318 80 
Premiums now in course of collection, . . 40,399 63 

Entire premiums collected, .... $342,919 17 
Less reinsurance and return premiums, . . 47,139 39 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 

Income from rents, 



224,653 15 

$582,190 19 
500,000 00 

$82,190 19 



$295,779 78 

8,210 97 

375 03 



Received for calls on capital, 



$500,000 00 



Gross cash income, . . . „ $304,365 78 



198 FIRE ASSOCIATION OF PHILADELPHIA. 



Expenditures. 

Cash paid for fire losses, $ 124,610 92 

Deduct salvage and reinsurance, . . . 17,292 69 

Net cash paid for fire losses, .... $107,318 23 

Cash paid for commissions and brokerage, .... 144,71650 
for salaries of officers and employees, . . . 17,145 52 

for State and local taxes, 9,177 57 

for incidentals, 16,499 14 



Gross cash expenditures, f 294,856 96 



Risks and Premiums. 

Premiums. 

Fire risks written during 1899,* . . $ 58,775,225 00 $609,084 91 

Deduct risks expired and terminated, . 19,901,547 00 219,916 27 



In force at end of year, .... $38,873,678 00 $389,168 64 

Deduct amount reinsured, . . . 3,946,114 00 34,896 44 



Net amount in force, .... 834,927,564 00 $354,272 20 

Miscellaneous. 

Premiums received from organization of company, . . $295,780 00 

Losses paid from organization of company, .... 107,318 00 

Fire losses incurred during the year, 120,460 00 

Company's stock owned by directors, 97,825 00 



"FIRE ASSOCIATION OF PHILADELPHIA, ,, PHILADELPHIA, PA. 

[Incorporated March 27, 1820. Commenced business Sept. 1, 1817.] 

Paid-up Capital, $500,000. 

E. C. IRVIN, President. BENJAMIN T. HERKNESS, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

City of Camden bonds, . . . . . §1,500 00 $1,725 00 

City of Richmond certificates, .... 25,000 00 29,750 00 

City of Tacoma water and light bonds, . . 40,000 00 41,000 00 

City of Richmond certificates, .... 65,600 00 70,848 00 

City of Portland, Ore., new city hall gold bonds, 15,000 00 18,000 00 

* The difference between the premiums written in "Income" and "Risks and Premiums" 
arose as follows : in assuming the outstanding business of the Associated Firemen's, Manufact- 
urers & Merchants and American, the gross premiums written in the policies were entered in the 
" Classification of Expirations," and so entered in M Risks and Premiums." This was necessary 
to enable the reinsurance reserve to be made up at the close of the year. 



FIRE ASSOCIATION OF PHILADELPHIA. 



199 



City of Petersburg, Va., bonds, 

Atlantic City, N. J., city water works bonds, 

City of Duluth water and light bonds, 

State of Georgia bonds, . 

Northern Central Railway Co. bonds, 

Catawissa R.R. Co. bonds, 

Lehigh Valley R.R. bonds, 

Philadelphia & Erie R.R. bonds, 

Belt Railroad & Stock Yards bonds, 

Louisville & Nashville R.R. bonds, 

Texas & Pacific R.R. bonds, 

Camden & Atlantic R.R. bonds, 

Pennsylvania R.R. bonds, . 

Cincinnati, Hamilton & Dayton R.R. bonds, 

Cincinnati, Dayton & Ironton R.R. bonds, 

Chicago, Rock Island & Pacific R.R. bonds, 

Northern Pacific R.R. bonds, . 

Reading Company bonds, . 

Central Car Trust Co. bonds, . 

Ohio River R.R. Co. bonds, 

Centralia & Chester R.R. bonds, 

Chicago & Erie R.R. Co. bonds, 

Lynn & Boston R.R. Co. bonds, 

Lehigh Valley Coal Co. bonds, 

Port of Portland, Ore., bonds, . 

Lehigh Coal & Navigation Co. bonds, 

Evansville & Terre Haute R.R. Co. bonds, 

Newark Passenger Railway Co. bonds, 

Lehigh Valley R.R. Co. bonds, 

Terminal Railroad. Asso., St. Louis, bonds, 

Philadelphia City Passenger R'y Co. bonds, 

Allentown & Bethlehem Rapid Transit Co. b'ds 

Cleveland Electric Railway Co. bonds, . 

Lehigh Coal & Navigation Co. bonds, 

Seaboard Air Line Equipment bonds, 

Toledo Electric Street Railway bonds, . 

Central of Georgia Railway Co. bonds, . 

United Traction Co. of Pittsburgh bonds, 

Fairmount Park Transportation Co. bonds, 

Edison Electric Light Co. trust certificates, 

Chicago Edison Co. bonds, 

Minneapolis Street Railway Co. bonds, . 

Trenton Street Railway Co. bonds, . 

Seaboard & Roanoke R.R. Co. bonds, 

Wilmington & Chester Traction Co. bonds, 

Cleveland, Lorain & Wheeling R.R. Co. bonds 

Westinghouse Electric & Manuf. Co. ctfs., 

Trenton Gas & Electric Co. bonds, . 



Par Value. 

$50,000 00 
25,000 00 

100,000 00 
25,000 00 

168,000 00 
10,000 00 

132,000 00 

100,000 00 
50,000 00 
75,000 00 
11,000 00 
30,000 00 
50,000 00 
20,000 00 
25,000 00 
25,000 00 
34,000 00 
20,000 00 
10,000 00 
25,000 00 
50,000 00 
35,Of.O 00 
50,000 00 
15,000 00 
39,000 00 

100,000 00 
50,000 00 
22,000 00 
75,000 00 
75,000 00 
50,000 00 
56,000 00 
30,000 00 
50,000 00 
25,000 00 
30,000 00 
50,000 00 
50,000 00 
50,000 00 
13,000 00 
50,000 00 
50,000 00 
20,000 00 
75,000 00 
30,000 00 
50,000 00 
25,000 00 
40,000 00 



Market Value. 

$60,500 00 
30,000 00 

122,000 00 
28,500 00 

186,480 00 
10,500 00 

158,140 00 

120,000 00 
59,500 00 
90,000 00 
11,330 00 
33,600 00 
58,000 00 
21,600 00 
28,500 00 
26,500 00 
35,275 00 
17,325 00 
10,000 00 
26,250 00 
15,000 00 
39,987 50 
57,000 00 
15,150 00 
46,800 00 

128,000 00 
52,000 00 
25,410 00 
80,625 00 
84,750 00 
55,000 00 
61,600 00 
32,700 00 
51,750 00 
25,000 00 
32,400 00 
43,500 00 
56,500 00 
54,000 00 
14,397 50 
53,500 00 
53,500 00 
21,000 00 
78,575 00 
32,100 00 
53,750 00 
25,625 00 
41,000 00 



200 



FIRE ASSOCIATION OF PHILADELPHIA. 



United Railways gold certificates, . 
N. Y. Gas & Elec. Light, Heat & Power Co. b'ds 
1,230 shares Pennsylvania R.R. Co., 
331 " Phila.,Germant'n&Norrist'nR.R. 
70 " Chestnut Hill R.R. Co., 
35 " Philadelphia Bourse, . 
5 " * Underwriters' Salvage Co., . 
125 " - Centralia & Chester R.R. Co., 
500 " Philadelphia Traction Co., . 
100 " United Power & Trans. Co., 
2,000 " Miami Valley Ins. Co., 
185 " company's own stock, $74,000 00 



Par Value. 

$30,000 00 

50,000 00 

61,500 00 

16,550 00 

3,500 00 

1,375 00 

500 00 

12,500 00 

25,000 00 

2,500 00 

100,000 00 



Market Value. 

$24,300 00 

46,250 00 

80,411 25 

49,650 00 

4,200 00 

500 00 

47,500 00 
2,800 00 
1,250 00 



$2,690,525 00 $2,882,804 25 



Securities held as collateral for cash loans : — 



Portland University bonds, 
Mortgage assigned, .... 
333 shares Merchants' National Bank, 
250 " Camden Iron Works, 
37 " United New Jersey Railroad, 
100 " Diamond State Iron Co., . 
176 " Pennsylvania Railroad Co., 
Pennsylvania Railroad bonds, . 
North Penn. Railroad bonds, . 
Wheeling Railway Co. bonds, . 
Hudson River Water Power Co. bonds, 
City of Duluth Water & Light bonds, 
Consolidated Traction Co. of New Jersey bd's 
Wilkesbarre & Wyoming Valley Trac. Co. b'ds 
City of Perth Amboy tax arrearage bonds, 

i 



Market Value. Loaned Thereon. 



? 14,560 00 

3,000 00 

33,300 00 ^ 

25,000 00 

10,064 00 

10,000 00 > 

11,616 00 

2,600 00 

1,160 OoJ 

25,000 00 

15,300 00 

14,640 00 

7,560 00 

5,600 00 

25,440 00 



$10,000 00 
3,000 00 



50,000 00 



23,828 13 
25,000 00 

10,000 00 
20,000 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



6204,840 00 $141,828 13 

31, 1899. 

$353,043 03 

1,764,208 89 

46,272 26 

2,882,804 25 

141,828 13 

40,647 73 

128,614 53 

25,3S3 77 

804,132 38 

1,530 00 

$6,188,464 97 



* Value of lands mortgaged, 

Value of buildings thereon, . . . 
Amount of insurance held as collateral-, 



$•2,000,052 00 
2,509,059 00 
1,619,845 00 



FIRE ASSOCIATION OF PHILADELPHIA. 



201 



Liabilities. 
Losses adjusted, unpaid, . , , 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, . . , , 

Net amount of unpaid losses, . . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
State and local taxes, . , . 
Commissions and brokerage, . 
Return premiums and reinsurance, , 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, . . . . 



Surplus over capital, 



Income 

Fire premiums outstanding Dec. 31, 1898 
Prejniums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Deposits received for perpetual fire risks 



Gross cash income, 



$162,667 42 

204,331 00 

38,206 81 

$405,205 23 
44,665 24 

$360,539 99 

2,089,029 23 

1,957,342 20 

1,609 32 

131,223 48 

208,806 33 

5,561 49 



$4,754,112 04 

$1,434,352 93 
500,000 00 

$934,352 93 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employee 
for State and local taxes, 
for incidentals, .... 
for expense on real estate, 

Deposits returned on perpetual fire risks, 

Gross cash expenditures, . 



$681,403 26 
3,325,995 73 

K,007,398 99 
804,132 38 

53,203,266 61 
693,211 05 



sources, . 

$45,598 58 



$2,510,055 56 

107,616 98 

144,196 33 

9,868 75 



$2,771,737 62 



$2,066,348 40 
259,485 97 



s, 



$47,998 50 



$1,806,862 43 
200,000 00 
531,390 14 
274,229 54 
83,140 79 
150,996 19 
7,950 60 

$3,054,569 69 



202 THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

1387,791,683 00 $4,167,874 75 
268,750,929 00 3,263,694 34 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 
Perpetual risks in force (not incl'd above), 



$656,542,612 00 $7,431,569 09 
267,551,289 00 3,069,945 17 



$388,991,323 00 $4,361,623 92 
25,049,409 00 304,636 98 



$363,941,914 00 $4,056,986 94 
$88,876,288 00 $2,127,074 60 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (40 per cent.), . 
Company's stock owned by directors, .... 



$49,949,550 00 

28,211,566 00 

1,874,033 00 

5,779,762 00 

200,000 00 

31,300 00 



"THE FIRE INSURANCE COMPANY OF THE COUNTY OF 
PHILADELPHIA," PHILADELPHIA, PA. 

[Incorporated May 31, 1832. Commenced business April 19, 1833.] 

Paid-up Capital, $400,000. 

CHARLES R. PECK, President. E. A. LAW, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Lehigh Valley R.R. bonds, .... 88,00000 § 10,080 00 

Delaware & Bound Brook R.R. Co. bonds, . 24,000 00 28,320 00 

Catawissa R.R. Co. bonds, .... 4,000 00 4,190 00 

Penn. & N. Y. Canal and Railroad bonds, . 6,000 00 6,960 00 

11 shares Elmira & Williamsport R.R., . . 550 00 550 00 

Pittsburgh, Cincinnati & St. Louis R'y bonds,. 20,000 00 20,700 00 

United New Jersey R.R. & Canal Co. bonds, . 20,000 00 20,400 00 

Philadelphia & Erie R.R. bonds, . . . 10,000 00 11,975 00 

Pennsylvania R.R. bonds, 11,000 00 14,150 00 

Junction R.R. Co. bonds 7,000 00 7,070 00 

Belvidere Delaware R.R. bonds, . . . 1,000 00 1,060 00 

Connecting Railway bonds, . . . - . 3,000 00 3,200 00 

264 shares Phila., GermVn & NorrisfnR.R.Co., 13,200 00 39,600 00 

City of Camden bonds, 1,000 00 1,110 00 

Pennsylvania R.R. bonds, 6,000 00 6,900 00 

150 shares United Companies of New Jersey, . 15,000 00 40,875 00 



THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 203 



205 shares Germantown Passenger R'y Co., 
Pennsylvania Steel Co. bonds, . . . ( 
100 shares 2d and 3d St. Passenger R'y Co., 
Pennsylvania & Northwestern R.R. Co. bonds 
320 shares Pennsylvania R.R. Co., . 
Lehigh Valley Railway bonds, . 
69 shares The N'l B'k of the North. Lib., Phila. 
Lehigh Valley R.R. annuity bonds, . 
104 shares North Pennsylvania R.R. Co., . 
PhiJa. City Pass. R'y Co. bonds, 
Lombard & South Sts. Pass. R'y Co. bonds, 
20 shares 13th & 15th Sts. Pass. R'y Co., . 
Newark Pass. R'y Co. bonds., . 
28 shares Bank of North America, Phila., 
10 " First National Bank of Philadelphia 
Northern Central R'y Co. bonds, 
50 shares Frank. & Southw'k P. C. P. R.R. Co. 
164 " The Union Traction Co. of Phila,, 
Elec. & People's Tract, st'k trust certificates, 
200 shares Philadelphia Traction Co., 
200 " Philadelphia Securities Co., . 
Philadelphia & Reading Terminal bonds, 
Equitable Ilium. Gas Light Co., of Phila. b'ds 
32 shares Pennsylvania R.R. allotments, . 



Securities held as collateral for cash loans : — 



21 shares Union Passenger Railway Co., 
175 " Westinghouse Air Brake Co., 
200 " Reading Co., . 
100 " Choctaw O. & G., . 
100 " Union Traction Co., Phila., 
500 " Cambria Steel Co., . 

33 " Equitable Trust Co., 
Penna. R.R. Co.'s bonds, . 
50 shares Erie & Western Transportation Co., 
40 " United Gas Improvement Co., Phila 



Par Value. 

$10,250 00 

15,000 00 

5,000 00 

10,000 00 

1G,000 00 

25,000 00 

3,450 00 

15,000 00 

5,200 00 

3,000 00 

3,000 00 

1,000 00 

5,000 00 

2,800 00 

1,000 00 

10,000 00 

2,500 00 

2,870 00 

25,000 00 

10,000 00 

250 00 

10,000 00 

15,000 00 



Market Value. 

$29,725 00 

16,200 00 

30,000 00 

10,000 00 

20,920 00 

27,250 00 

7,590 00 

18,750 00 

10,608 00 

3,180 00 

3,000 00 

6,000 00 

5,775 00 

7,056 00 

1,600 00 

12,000 00 

22,500 00 

6,314 00 

24,375 00 

19,000 00 

250 00 

12,100 00 

16,143 75 

448 00 



$346,070 00 $527,924 75 



Market Value. Loaned Thereon . 



$4,945 50 
33,425 00 
5,250 00^ 
4,450 00 | 
3,850 00 y 
10,062 50 I 
3,300 00 J 
3,450 00 
2,500 00 
6,120 00 



$3,200 00 
25,000 00 



20,000 00 

5,000 00 
4,000 00 



$77,353 00 $57,200 00 



Summary of Assets Dec. 31, 1899. 

Cash value of unencumbered real estate, . $7 1 ,000 00 

Loans on mortgage of real estate (first liens *), 225,050 00 

Interest due or accrued thereon, . . . 3,421 09 

Stocks and bonds, as per schedule, . . . 527,924 75 



* Value of property mortgaged, 

Amount of insurance held as collateral, 



$435,350 00 
178,400 00 



204 THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 



Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 
Perpetual deposits in other companies, . 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, . 
Losses claimed and reported, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Income from all other sources, 

Deposits received for perpetual fire risks, 



Gross cash income, 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, . 
Net cash paid for fire losses, . 
Cash dividends paid, .... 



f57,200 00 

265 35 

17,841 89 

339 40 

33,055 37 

197 50 

3,399 47 

5,017 50 



$7,464 24 
13,528 00 

$20,992 24 
4,120 77 

$16,871 47 
96,229 42 

231,843 40 
8,007 18 
4,426 65 
1,144 77 



$22,119 91 
246,955 94 

1269,075 85 
33,055 37 

$236,020 48 
103,647 09 



sources, . 



$6,879 03 



$128,312 23 
45,755 45 



$944,712 32 



358,522 89 

$586,189 43 
400,000 00 

$186,189 43 



$132,373 39 

11,923 43 

26,769 67 

1,947 42 

502 69 



$173,516 60 



$82,556 78 
24.000 00 




FIREMAN S FUND INSURANCE CO. 



205 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, ..... 

Deposits returned on perpetual fire risks, 

Gross cash expenditures, .... 



$8,187 80 



$29,778 18 

13,085 17 

7,568 84 

14,166 61 



$171,155 58 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1898, . .$18,278,678 00 $189,280 71 
Fire risks written during 1899, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Perpetual risks in force (not incl'd above) 



. 24,275,397 00 246,955 94 



.$ 42,554,075 00 $436,236 65 
. 17,998,541 00 177,673 40 



. $24,555,534 00 $258,563 25 
. 7,454,288 00 78,097 85 



.$17,101,246 00 $180,465 40 
. $10,537,610 00 $256,028 56 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (6 per cent.), . 

Company's stock owned by directors, . . . . 



13,025,957 00 

1,938,792 00 

89,152 00 

732,408 00 

24,000 00 

133,400 00 



"FIREMAN'S FUND INSURANCE COMPANY," SAN FRANCISCO, 

CAL. 

[Incorporated May 3, 1863. Commenced business June 18, 1863.] 

Paid-up Capital, $1,000,000. 

WM. J. DUTTON, President. BERNARD FAYMONVILLE, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Omnibus Cable R'y Co., San Francisco, bonds, $125,000 00 $157,812 50 

Market St. R'y Co., San Francisco, bonds, . 108,000 00 125,820 00 

Powell Street R'y Co., San Francisco, bonds, . 20,000 00 24,200 00 

Sutter Street R'y Co., San Francisco, bonds, . 50,000 00 56,500 00 

Presidio & Ferries R.R. Co., San Fran., bd's, . 50,000 00 50,500 00 

San Francisco & San Joaquin Val. R'y Co. bd's, 35,000 00 40,250 00 

San Francisco & North Pacific R'y bonds, . 15,000 00 17,250 00 



206 



fireman's FUND INSURANCE CO. 



Northern Railway Co., Cal., bonds, . 

South Pacific Coast Railway Co., Cal., bonds, 

United States bonds, 

Oakland Gas, Light & Heat Co. bonds, . 

Stockton Gas & Electric Co. bonds, . 

Spring Val. Water Works of San Fran, bonds 

Riverside Water Co. bonds, 

Baker City, Oregon, water bonds, . 

Marin Co., California, water bonds, . 

Baker City, Oregon, school bonds, . 

Palo Alto, California, school bonds, 

Territory of Arizona funding bonds, 

Independence City, Oregon, bonds, . 

Blaine County, Idaho, bonds, . 

2,986 shares Home Mutual Ins. Co., San Fran. 
1-40 " Bank of Cal., San Francisco, 
230 " First Nat'l Bank, San Francisco, 
166 " Anglo-Californian B'k, San Fran., 
340 " Sather Banking Co., San Fran., 
100 " Mercantile Trust Co., San Fran , 
450 " Oakland B'k of Savings, Oakland 
50 " Union Nat'l B'k, Oakland, Cal., 
250 " San Francisco National Bank, 

1,000 " Cal. St. Cable R.R. Co., San Fran. 
625 " Sutter St. R.R. Co., San Fran., 
550 " Pres. and Fer. R.R. Co., San Fran. 
200 " Market St. R'y Co., San Fran., 
650 " Oak. G. L't and H't Co., Oak., Cal. 
500 " S. F. Gas and Elec. Co., S. F., 
200 " Pacific Gas Im. Co., San Fran., 
786 " St'n Gas and Elec. Co., St'n, Cal 
600 " Spring Val. Water Works, S. F., 
100 " San Jose Water Co., S. Jose, Cal., 
656 " Cal. Dry-Dock Co., San Fran., 
250 " Cal. Shipping Co., San Francisco, 



Par Value. 

?40,000 00 
20,000 00 
125,000 00 
60,000 00 
32,000 00 
39,000 00 
20,000 00 
17,000 00 

5,000 00 
15,000 00 
10,000 00 
22,000 00 

3,000 00 

400 00 

298,000 00 

14,000 00 

23,000 00 

8,300 00 
11,560 00 

5,000 00 
22,500 00 

5,000 00 
25,000 00 
100,000 00 
62,500 00 
55,000 00 
20,000 00 
45,500 00 
50,000 00 
20,000 00 
23,580 00 
60,000 00 
10,000 00 
65,600 00 
10,000 00 



Market Value. 

$46,000 00 
18,000 00 
167,812 50 
64,800 00 
32,960 00 
44,265 00 
15,000 00 
17,680 00 

5,100 00 
15,750 00 
10,200 00 
23,100 00 

3,000 00 

400 00 

600,000 00 

56,000 00 

57,500 00 

10,790 00 

5,100 00 

5,500 00 
31,500 00 

7,500 00 
27,500 00 
120,000 00 
62,500 00 
12,375 00 
12,000 00 
27,950 00 
25,500 00 
10,000 00 

9,825 00 
55,500 00 
10,000 00 
24,600 00 
10,000 00 



$1,745,940 00 12,118,040 00 



Securities held as collateral for cash loans : — 

Market Value. 

18 shares Cal. St. Cable R.R. Co., . • . 62,160 00 

68 " Pacific Gas Im. Co., . . . 3,400 00 

100 " Pacific Tel. & Tel. Co. . . . 4,800 00 

390 " B'k of Sonoma Co., Pet, Cal., . 48,750 00 

400 " Sutter St. Railway Co., . . 40,000 00 

350 " Southern Pacific Milling Co., . 24,500 00 

36& " Masonic Hall Association, . . 5,445 00 

200 " B'k of Sonoma Co., Pet., Cal., . 25,000 00 

595 " Masonic Hall Association, . . 8,925 00 



} 



Loaned Thereon. 

$5,000 00 

34,000 00 
24,500 00 
10,000 00 

4,000 00 
15,000 00 

6,500 00 



FIREMAN S FUND INSURANCE CO. 



207 



1,500 shares S. F. & North Pacific R'y Co., 
1,011 " Presidio & Ferries Railway Co., 
125 " Cal. B'k of Los Angeles, 
20 " Eastern Dynamite Co., . 
Southern Pacific of California bonds, 
Presidio & Ferries Railway bonds, . 



Market Value. Loaned Thereon. 

$30,000 001 
22,747 50 
12,500 00 
1,700 00 
16,650 00 
10,100 00 J 



)> $54,000 00 



$256,677 50 $153,000 00 



Summary of Assets Dec. 31, 1899. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for fire, marine and inland risks, 
Reinsurance due on losses paid, etc., . 
Gross assets, ..... 
Deduct special deposits in other States, . 



Balance, 



Liabilities. 



Losses adjusted, unpaid, . . . 
claimed and reported, , . 
disputed or resisted, . . 

Total amount of losses, . . . 
Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Bills payable and deposits, 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, . 



$491,700 00 

422,791 79 

15,085 44 

2,118,040 00 

153,000 00 

18,519 18 

183,980 35 

1,170 18 

422,211 30 

45,564 85 

12,367 99 



- $3,884,381 08 
133,125 00 

. $3,751,256 08 



$30,025 45 

279,248 26 

3,775 00 

$313,048 71 
141,363 54 

$171,685 17 

1,385,177 84 

59,587 11 

23,564 97 

77,729 42 

51,717,744 51 
81,412 52 



1,636,331 99 

. $2,114,924 09 
. 1,000,000 00 

. $1,114,924 09 



* Value of lands mortgaged, . . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$913,500 00 
202,000 00 
129,400 00 



20$ 



FIREMANS FUND INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, , 

Total 

Premiums now in course of collection, , 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1898, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Lqss reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, . 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees 

for State and local taxes, 

for incidentals, .... 



Gross cash expenditures, 



$328,653 40 
1,982,409 70 

$2,311,063 10 
346,318 92 

$1,964,744 18 
549,421 18 

$86,798 92 
835,796 31 

$922,595 23 
121,457 23 

$801,138 00 
407,530 96 



$1,415,323 00 



sources, . 



393,607 04 
21,241 30 

118,156 09 
28,657 83 

$1,976,985 26 



$1,023,643 29 
169,267 36 

$650,459 86 
292,826 40 



$854,375 93 



357,633 46 
120,000 00 
239,406 35 
226,497 40 
64,242 76 
178,697 47 

$2,040,853 37 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$214,173,190 00 $2,573,359 38 
169,974,634 00 1,982,409 70 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



$384,147,824 00 $4,555,769 08 
158,198,165 00 1,863,475 43 



$225,949,659 00 $2,692,293 65 
28,678,592 00 337,112 40 



$197,271,067 00 $2,355,181 25 



THE FIREMEN S INSURANCE CO. 



209 



Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



Premiums. 

$11,263,225 00 $294,901 67 
107,281,183 00 835,796 31 



5118,544,408 00 $1,130,697 98 
106,051,294 00 822,590 60 



$12,493,114 00 $308,107 38 
3,626,506 00 126,588 06 



$8,866,608 00 $181,519 32 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Marine and inland losses incurred during the year, . 

Cash dividends declared from organization of company 

Dividends declared during the year (12 per cent.), . 

Company's stock owned by directors, 



$35,566,107 00 

18,522,997 00 

858,147 00 

373,027 00 

3,016,060 00 
120,000 00 

109,900 00 



"THE FIREMEN'S INSURANCE COMPANY OF BALTIMORE," 

BALTIMORE, MD. 

[Incorporated December, 1825. Commenced business Aug. 2, 1826.] 

Paid-up Capital, $500,000. 

F. E. 8. WOLFE, President. HARRY L. RIALL, Secretary. 



Detailed Statement of Stocks 



Maryland State bonds, 
Virginia State bonds, 
Baltimore city bonds, 
Baltimore City Passenger Railway certificates 
Sioux City Term. R.R. & Wh'se Co. bonds, 
United R'y's & Electric Co. bonds, . 
100 shares Merchants' National Bank, 
160 ' 
810 ' 
200 ' 
100 ■ 
400 ' 
300 ■ 
50 ' 
150 ' 
900 ' 
300 ' 



National Bank of Baltimore, 
National Mechanics' Bank, 
Farmers' & Merchant's Nat'l Bank 
PeopJe's Bank, 
National Marine Bank, 
Western National Bank, 
First National Bank, 
Second National Bank, 
Citizens' National Bank, 
United R'ys & Electric Co., 



and Bonds. 

Par Value. 

$30,000 00 

51,500 00 

342,000 00 

2,500 00 

10,000 00 

25,000 00 

10,000 00 

16,000 00 

8,100 00 

8,000 00 

2,000 00 

12,000 00 

6,000 00 

5,000 00 

15,000 00 

9,000 00 

15,000 00 



Market Value. 

$32,700 00 

27,650 00 

379,560 00 

2,650 00 

8,000 00 
17,750 00 
14,900 00 
19,360 00 
22,680 00 
12,400 00 

1,800 00 
15,200 00 
12,000 00 

7,400 00 
27,750 00 
19,800 00 

4,800 00 



$567,100 00 $626,400 00 



210 



THE FIREMEN'S INSURANCE CO. 



Summary of Assets Dec. 31, 1899. 



Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Com. due on return prem's and reinsurance, 

Gross assets, 

Deduct special deposits in other States, . 



Balance, $910,599 01 



$135,000 00 

626,100 00 

6,474 82 

81,656 82 

8,289 75 

71,181 11 

981 43 

6,112 08 



$936,099 01 
25,500 00 



Liabilities. 
Losses adjusted, unpaid, .... 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



19,667 78 
18,090 50 
270,356 82 
468 00 
21,095 30 
19,551 22 
26,881 46 



366,111 08 

$544,487 93 
500,000 00 

$44,487 93 



Income. 

Fire premiums outstanding Dec. 31, 1898, . $53,699 07 
Premiums on risks written or renewed, . . 486,395 21 

Total, $540,094 28 

Premiums now in course of collection, . . 71,181 11 

Entire premiums collected, .... $468,913 17 
Less reinsurance and return premiums, . . 131,136 79 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 

Income from rents, etc., 

Profit on sale of ledger assets, 

Received for increased capital, . . . . $122,000 00 



$337,776 38 

20,444 11 

7,708 48 

76,007 53 



Gross cash income, ........ $441,936 50 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 



$231,842 54 
32,857 15 



$198,985 39 
72,924 72 



firemen's INSURANCE CO. 



211 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 

for rents, 

for incidentals, 



Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$53,521,998 00 
57,047,720 00 

$110,569,718 00 
44,152,357 00 



,417,361 00 
6,635,433 00 



,452 30 

12,875 14 

23,144 56 

2,500 00 

16,819 76 

$407,701 87 



Premiums. 

$465,304 84 
486,395 21 

$951,700 05 
376,840 83 

$574,859 22 
59,768 98 



$59,781,928 00 $515,090 24 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (14.448 per cent.), . 
Company's stock owned by directors, . 



$8,353,383 00 

4,371,488 00 

200,336 00 

3,503,534 00 

72,240 00 

73,840 00 



"FIREMEN'S INSURANCE COMPANY OF NEWARK, N. J.," 

NEWARK, N. J. 

[Incorporated Dec. 3, 1855. Commenced business Dec. 3, 1855.] 

Paid-up Capital, $1,000,000. 

DANIEL H. DUNHAM, President. A. H. HASSINGER, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Morris & Essex Railroad bonds, . . . $50,000 00 $69,000 00 

Orange & Newark Railroad bonds, . . . 40,000 00 43,200 00 

Essex Pass. Railway bonds, .... 24,000 00 25,920 00 

Montclair Gas & Water Co. bonds, . . . 5,000 00 5,000 00 

North Hudson County R'y Co. bonds, . . 45,000 00 50,100 00 

Underwriters 1 Protective Asso. bonds, . . 1,000 00 1,000 00 

Newark Gas Company bonds, .... 50,000 00 67,500 00 

Lehigh Valley Terminal Railway bonds, . 4,000 00 4,400 00 

Newark Pass. Railway Co. bonds, . . . 20,000 00 22,400 00 

Atlantic City, N. J., water bonds, . . . 22,000 00 24,200 00 

Passaic Water Co. bonds, 20,000 00 21,200 00 

Consolidated Traction Co. bonds, . . . 25,000 00 26,500 00 

Consumers' Heat, Light & Power Co. bonds, . 10,000 00 10,800 00 

Central R.R. of New Jersey bonds, . . . 10,000 00 11,500 00 

United N. J. Railroad & Canal Co. stock, . 13,900 00 36,140 00 



212 



FIREMEN S INSURANCE CO. 



Delaware, Lack. & Western Railroad stock, 

Morris & Essex Railroad stock, 

Newark City National Bank stock, . 

Second National Bank stock, . 

National Newark Banking Company stock, 

National State Bank stock, 

Essex County National Bank stock, 

German National Bank stock, . 

Manufacturers' National Bank stock, 

Newark & Rosendale Lime & Cement Co. stock 

Merchants' National Bank stock, 

New York & New Jersey Telephone stock, 

United Electric Co. bonds, 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Prern's more than three mos. due, . §824 24 
Gross assets, 

Liabilities. 
Losses claimed and reported, 
Losses disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Commissions and brokerage, . 
Return premiums, .... 

Reinsurance, 

Gross liabilities, except capital, 



Par Value. 

$60,000 00 
70,000 00 
20,000 00 
20,000 00 
20,000 00 
32,500 00 
20,000 00 
10,000 00 
10,000 00 
4,000 00 
8,000 00 
12,500 00 
77,000 00 



Market Value. 

$ 102,000 00 
121,600 00 
34,000 00 
27,000 00 
38,000 00 
55,250 00 
72,000 00 
21,500 00 
11,500 00 
1,600 03 
17,200 00 
22,500 00 
61,600 00 



$703,900 00 f 1,010,610 00 

31, 1899. 

$132,810 88 

1,256,600 00 

19,889 76 

1,010,610 00 

2,403 14 

18,392 16 

7,800 00 

61,760 82 

233 64 

£2,510,500 40 



Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, . 



f41,953 64 
1,012 00 

$42,965 64 
4,058 66 

$38,906 98 

355,584 84 

1,896 00 

497 55 

12,465 44 

5,066 69 

4,531 04 



418,948 54 

$2,091,551 86 
1,000,000 00 

$1,091,551 86 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$1,150,177 00 
1,935,200 00 
1,579,881 00 



firemen's INSURANCE CO. 



213 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, ..... 

Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 
Income from all other sources, 



$45,273 40 
254 00 

$45,019 40 
478,728 29 

$523,747 69 
62,585 06 

$461,162 63 
73,711 06 



other sources, . 



$387,451 57 

62,313 43 

46,432 50 

10,262 06 

254 00 



Gross cash income, $506,713 56 



Expenditures. 
Cash paid for fire losses, . 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash dividends paid, . 
Cash paid for redemption of scrip, 
Interest paid scrip holders, 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

for expenses on real estate, 

Gross cash expenditures, .... 



$197,122 56 
10,781 72 



$186,340 84 

100,000 00 

1 00 

36 

80,089 46 

30,629 37 

19,981 03 

27,817 88 

2,697 36 

$447,557 30 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1898, * .. $66,837,809 00 $598,058 51 



Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 



45,251,627 00 478,728 29 



$112,089,436 00 $1,076,786 80 
33,706,196 00 378,586 45 



$78,383,240 00 $698,200 35 
3,065,004 00 26,543 92 



Net amount in force, . 



$75,318,236 00 $671,656 43 



214 



FRANKLIN FIRE INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, 



$8,525,734 00 

4,056,829 00 

195,985 00 

1,870,500 00 

100,000 00 

339,600 00 



"FRANKLIN FIRE INSURANCE COMPANY OF PHILADELPHIA, 1 ' 

PHILADELPHIA, PA. 

[Incorporated April 22, 1829. Commenced business June 22, 1829.] 

Paid-up Capital, $400,000. 

JAMES W. MCALLISTER, President. EZRA T. CRE830N, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Pitts., Chartiers & Youghiogheny R.R. bonds, $53,000 00 $56,180 CO 

Shamokin, Sunbury & Lewisburg R.R. bonds, 10,000 00 11,300 00 

Chartiers Railway Co. bonds 6,000 00 6,300 00 

Penn. & New York Canal & R.R. bonds, . . 50,000 00 58,000 00 

Huntingdon & Broad Top R.R. bonds, . . 20,000 00 21,000 00 

Lehigh Valley R.R. bonds, .... 25,00000 31,75000 

Penn. & New York Canal & R.R. bonds, . . 10,000 00 10,600 00 

Phila., Wilmington & Baltimore R.R. bonds, . 28,000 00 30,140 00 

Philadelphia & Erie R.R. bonds, . . . 35,000 00 37,800 00 

Belvidere Delaware R.R. bonds, . . . 21,000 00 22,050 00 

Chicago & Western Indiana R.R. bonds, . . 7,000 00 7,350 00 

Pennsylvania R.R. trust loan, .... 30,000 00 32,400 00 

Connecting R.R. Co. bonds, .... 20,000 00 21,600 00 

Easton & Amboy R.R. bonds 25,000 00 27,500 00 

Elmira & Williamsport R.R. Co. bonds, . . 10,000 00 11,000 00 

Phila., Wilm. & Balto. R.R. trust certificate, . 25,000 00 27,500 00 

N. Y., Lackawanna & Western R.R. bonds, . 25,000 00 34,250 00 

West Jersey R.R. bonds, 25,000 00 30,250 00 

N. Y. Central R.R. bonds, .... 25,000 00 25,750 00 

Harrisb'g, Ports., Mt. Joy & Lane. R.R. bonds, 25,000 00 26,750 00 

Northern Central R.R. bonds, ..." . . 15,000 00 18,150 00 

Steubenville & Indiana R.R. Co. bonds, . . 60,000 00 67,800 00 

Northern Central R.R. bonds, .... 16,000 00 18,160 00 

River Front Railroad bonds, .... 16,000 00 16,800 00 

Camden & Atlantic R.R. bonds, . . . 26,000 00 30,020 00 

Philadelphia & Reading R.R. bonds, . . 116,000 00 128,500 00 

Northern Central Railway bonds, . . . 29,000 00 30,990 00 

Lehigh Valley R.R. bonds, .... 100,000 00 108,050 00 

Philadelphia & Baltimore Central R.R. bonds, 1,000 00 1,000 00 



FRANKLIN FIRE INSURANCE CO. 



215 



Jacksonville Southeastern Railway bonds, 

Penn. & N. Y. Canal & R.R. Co. bonds, 

Lehigh Valley R.R. Car Trust bonds, 

Jacksonville & St. Louis R.R. bonds, 

Wilmington & Weldon R.R. bonds, . 

West Jersey & Seashore R.R. bonds, 

Pitts., Chartiers & Youghiogheny R.R. bonds 

Chicago, Rock Island & Pacific R.R. bonds, 

Lehigh & Hudson River Railway Co. bonds, 

Erie & Pittsburgh R.R. Co. bonds, . 

Lehigh Coal and Navigation Co. bonds, . 

Lehigh Valley Coal Co. bonds, 

Susquehanna Coal Co. bonds, . 

Phila. & Reading Coal and Iron Co. bonds, 

Delaware River Ferry Co. bonds, . 

Pennsylvania Salt Manufacturing Co. bonds, 

Girard Point Storage Co. bonds, 

Philadelphia Traction Co. bonds, 

Newport & Cincinnati Bridge Co. bonds, 

Edison Electric Light Co. bonds, 

Infantry Battalion, State Fencibles, bonds, 

United Traction Co. of Pittsburgh, Pa., bonds 

Federal St. & Pleasant Val. Pass. R'y bonds, 

Electric & People's Traction Co. trust certs., 

Philadelphia Electric gold trust certificates, 

City of Springfield, 111., bonds, 

City of Sandusky, O., bonds, 

City of Camden, N. J., bonds, . 

City of Philadelphia bonds, 

City of Quincy, 111., bonds, 

City of Columbus, O., water works bonds, 

Borough of Sewickly, Pa., bonds, . 

City of Dayton, O., bonds, 

Monongahela City, Pa., bonds, 

City of Columbus, O., bonds, . 

Borough of Downingtown, Pa., bonds, 

City of Camden, N. J., bonds, . 

City of Lancaster, Pa., bonds, . 

County of Gloucester, N. J., bonds, . 

County of Cameron, Pa., bonds, 

Delaware County, Pa., bonds, . 

Louisville & Nashville R.R. bonds, . 

N. Y., Philadelphia & Norfolk R.R. bonds, 

Pitts., Cin., Chic. & St. Louis R.R. bonds, 

Phila. Co. (Pittsburgh, Pa.) bonds, . 

50 shares Independence National Bank, 

50 " First National Bank, 
100 " Southwark National Bank, 



Par Value. 

ai,ooo oo 

3,000 00 

55,000 00 

15,400 00 

50,000 00 

125,000 00 

50,000 00 

70,000 00 

25,000 00 

50,000 00 

60,000 00 

20,000 00 

15,000 00 

25,000 00 

9,000 00 

47,000 00 

45,000 00 

35,000 00 

25,000 00 

30,000 00 

3,500 00 

30,000 00 

10,000 00 

25,000 00 

5,000 00 

9,000 00 

35,000 00 

40,000 00 

200 00 

19,000 00 

25,000 00 

23,000 00 

25,000 00 

59,000 00 

25,000 00 

9,000 00 

5,000 00 

4,000 00 

47,000 00 

20,000 00 

75,000 00 

50,000 00 

25,000 00 

50,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 



Market Value. 

$3,000 00 

2,820 00 

55,000 00 

4,537 00 

52,500 00 

130,000 00 

47,500 00 

74,200 00 

25,000 00 

50,000 00 

63,100 00 

20,000 00 

18,300 00 

25,000 00 

9,450 00 

47,000 00 

42,750 00 

37,100 00 

28,500 00 

33,300 00 

3,500 00 

33,600 00 

11,600 00 

24,250 00 

4,900 00 

9,270 00 

41,300 00 

40,550 00 

208 00 

20,140 00 

25,250 00 

24,320 00 

29,750 00 

60,180 00 

25,500 00 

10,080 00 

5,300 00 

4,120 00 

48,410 00 

21,400 00 

76,500 00 

49,000 00 

26,250 00 

50,000 00 

5,400 00 

6,250 00 

8,000 00 

7,100 00 



216 



FRANKLIN FIRE INSURANCE CO. 



125 shares Phil., Wilm. & Baltimore R.R., 
50 " Continental Hotel Co., . 

500 " Minehill & Sch. Haven R R. Co., 
25 " Penn. Co. for Ins. on Lives, etc., 



Par Value. 

16,250 00 
5,000 00 

25,000 00 
2,500 00 



Market Value. 

$9,375 00 

7,250 00 

31,000 00 

12,375 00 



$2,289,850 00 82,450,125 00 



Securities held as collateral for cash loans : — 



United Traction Co., Pittsburg, Pa., bonds, 
600 shares Union Traction Co., 
400 " United Gas Improvement Co., 
300 " Con. Traction Co., Pittsburg, Pa., 

300 " Cambria Steel Co 

225 " Lehigh Valley R.R. Co., . 

100 " Reading Company, . 

400 " Philadelphia Traction Co., . 

Lehigh Valley R.R., bonds, 

United Co.'s of New Jersey R.R. bonds, . 

15 shares 13th & 15th St. Pass. R. W. Co., 



Market Value. Loaned Thereon. 

$28,000 00^ 
22,800 00 I 
62,000 00 I 

8,400 00 )> $100,000 00 

6,000 00 

5,625 00 
900 00 J 
38,000 00 25,000 00 

8,590 00 ) 3 00Q 0Q 

2,140 00 S 

4,500 00 2,000 00 



$186,955 00 $130,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



31, 1899. 

$231,500 00 

152,158 00 

2,297 37 

2,450,125 00 

130,000 00 

3,191 19 

74,049 20 

166 62 

76,540 01 



$3,120,027 39 



Liabilities. 

Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 



$4,486 02 

20,068 15 

1,200 00 

$25,754 17 
295 98 

$25,458 19 

491,162 96 

1,085,893 21 



* Value of buildings thereon, . 

Amount of iueurance held as collateral, 



$567,645 00 
279.7S3 00 



FRANKLIN FIRE INSURANCE CO. 



217 



Dividends to stockholders unpaid, 
Commissions and brokerage, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, , 
Paid-up capital, . 



$145 00 
13,135 24 



$1,615,794 60 

$1,504,232 79 
400,000 00 



Surplus over capital, $1,104,232 79 

Income. 



Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 


$75,535 27 
603,351 37 


Premiums now in course of collection, . 


, $678,886 64 
76,540 01 


Entire premiums collected, 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest received on mortgages, 

© © * 

Interest and dividends received from all other 

Income from all other sources, . 
Deposits received for perpetual fire risks, 


. $602,346 63 
116,733 53 


tit 

sources, . 

$8,895 85 


Gross cash income 


• • • . 



Expenditures. 

Cash paid for fire losses, $334,161 94 

Deduct salvage and reinsurance, . . . 30,056 12 

Net cash paid for fire losses, . 

Cash dividends paid, . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for repairs on real estate, 

for miscellaneous, .... 
Deposits returned on perpetual fire risks, . $37,565 01 

Gross cash expenditures, 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Perpetual risks in force (notincVd above), 



$84,541,968 00 
55,207,530 00 

$139,749,498 00 
49,988,067 00 

$89,761,431 00 
5,435,693 00 

$84,325,738 00 

$53,967,581 00 



$485,613 10 

10,567 44 

108,896 77 

7,144 02 

2,077 80 

$614,299 13 



4,105 82 

79,855 00 

104,107 91 

40.412 50 

26,428 03 

4,989 20 

78,563 42 

$638,461 88 

Premiums. 

$918,665 10 
603,351 37 

1,522,016 47 
565,576 34 

$956,440 13 
57,220 12 

$899,220 01 

1,180,417 35 



218 



GERMAN INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (20 per cent), 
Company's stock owned by directors, 



$32,565,148 00 

17,104,446 00 

288,438 00 

5,754,000 00 

80,000 00 

16,700 00 



"GERMAN INSURANCE COMPANY OF FREEPORT," 
FREEPORT, ILL. 

[Incorporated February, 1865. Commenced business October, 1866.] 

Paid-up Capital, $200,000. 

C. O. COLLMANN, President. WM. TREMBOR, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Atlantic, Iowa, water bonds, .... $2,000 00 $2,000 00 

Minnehaha Co., S. Dak., school bonds, . . 1,500 00 1,543 35 

Manning, Iowa, bonds 5,000 00 5,000 00 

Freeport, 111., school bonds, .... 4,000 00 4,000 00 

Urbana, 111., city hall bonds, .... 14,000 00 15,356 40 

Champaign, 111., improvement bonds, . . 2,000 00 2,07140 

Elgin, 111., school bonds, 9,000 00 9,702 70 

Macon Co., 111., court house bonds, . . . 25,000 00 28,531 90 

Springfield, 111., city bonds, .... 5,000 00 5,045 50 

Town of Lake & Hyde Park, 111., school bonds, 1,000 00 1,119 20 

Oregon, 111., school bonds, .... 12,000 00 12,487 20 

Mt. Vernon, 111., school bonds, . . . . 13,000 00 13,896 70 

Monroe Co., 111., funding bonds, . . . 10,000 00 10,327 00 

Town of Cicero, Cook Co , 111., funding bonds, 1,500 00 1,576 20 

East St. Louis, 111., school bonds, . . . 10,000 00 11,370 00 

Danville, 111., city bonds, 10,500 00 11,222 10 

Wheaton, 111 , city bonds, 10,000 00 11,127 80 

Gilman, 111., school bonds, .... 5,50000 6,19765 

Danville Junction, 111., school bonds, . . 11,000 00 12,930 70 

Mt, Morris, 111., school bonds, .... 800 00 864 78 

Effingham, 111., city bonds, .... 4,00000 4,11845 

Town of Mattoon, 111., funding bonds, . . 10,000 00 10,793 60 

Eldorado, 111., school bonds, .... 4,000 00 4,489 60 

Pecatonica, 111., school bonds, .... 10,000 00 10,930 00 

Monmouth, 111., city bonds 12,000 00 13,315 20 

Marshall Co., Ill , school bonds, . . . 4,000 00 4,640 40 

Woodhull, 111 , school bonds, .... 5,000 00 5,154 34 

Marengo, 111., bonds, 3,000 00 "3,134 40 

Streator, 111., bonds 2,400 00 2,400 00 



GERMAN INSURANCE CO. 



219 



Blue Island, 111., bonds, . 

Freeport, III., Light and Fuel Co. bonds, 

Warren, 111., water bonds, 

Carmi, 111., school bonds, . 

Potomac, 111., school bonds, 

Freeport, 111., General Electric Co. bonds 

Omaha, 111., school bonds, 

West Hammond, 111., school bonds, 

Greenville, 111., school bonds, . 

Watseka, 111., school bonds, 

Freeport, 111., school bonds, 

Amboy, 111., school bonds, 

Ogden, Champaign Co., 111., school bonds 

Kankakee, 111., improvement bonds, 

Rockvale, 111., school bonds, 

Grossdale, 111., bridge bonds, 

Orangeville, 111., bonds, . 

Davis, 111., school bonds, . 

Quincy, 111., funding bonds, 

Anna, 111., school bonds, . 

Iroquois, 111., school bonds, 

Paxton, 111., school bonds, 

Evansville, Ind., school bonds, 

Ford Co., 111., funding bonds, 

Gifford, Champaign Co., 111., school bonds 

Rock Island, 111., funding bonds, 

Charleston, 111., funding bonds, 

Muscatine, Iowa, school bonds, 

DesMoines, la., " Forrest Home " school bonds 

Bloomington, 111., school bonds, 

Evansville, Ind., funding bonds, 

Paw Paw, 111., school bonds, . 

Meredosia, 111., drainage bonds, 

Maywood, 111., bonds, 

Pekin, 111., refunding bonds, 

Normal, 111., water works bonds, 

St. Charles, 111., school bonds, . 

Morris, 111., school bonds, . 

Town of Oregon, 111., refunding bonds, 

Town of Momence, 111., funding bonds, 

East Lincoln, 111., Twp. funding bonds, 

White Co., 111., funding bonds, . 

East St. Louis school bonds, 

Muscatine, Iowa, refunding bonds, 

Lawrenceville, 111., bonds, 

Cornell, 111., bonds, . 

Chicago Heights, 111., water bonds, 

Pana, 111., Twp. funding bonds, 



Par Value. 

|8,000 00 

9,000 00 

6,000 00 

7,000 00 

1,600 00 

10,000 00 

3,000 00 

800 00 

10,000 00 

6,000 00 

20,000 00 

9,000 00 

3,000 00 

16,000 00 

500 00 

4,000 00 

1,800 00 

1,050 00 

26,000 00 

6,500 00 

1,100 00 

10,000 00 

10,000 00 

5,000 00 

2,500 00 

15,000 00 

18,000 00 

10,000 00 

10,000 00 

10,000 00 

5,000 00 

4,000 00 

3,600 00 

8,000 00 

37,000 00 

20,000 00 

13,900 00 

7,500 00 

30,000 00 

15,000 00 

15,000 00 

10,000 00 

17,000 00 

25,000 00 

4,350 00 

1,600 00 

3,000 00 

29,000 00 



Market Value. 

$9,296 00 

9,000 00 

6,625 38 

7,619 10 

1,628 88 

10,000 00 

3,426 13 

820 44 

10,091 00 

6,260 70 

21,618 40 

10,035 97 

3,166 45 

17,594 60 

517 47 

4,499 20 

1,885 02 

1,065 27 

27,520 80 

6,692 40 

1,121 23 

10,390 50 

10,811 00 

5,619 00 

2,579 50 

16,531 50 

20,028 60 

10,227 00 

10,553 00 

10,477 50 

5,265 30 

4,058 00 

3,660 54 

8,685 70 

38,901 80 

22,605 15 

14,880 64 

7,758 70 

32,332 40 

16,152 00 

15,393 00 

10,975 00 

18,535 10 

27,808 50 

5,659 35 

1,721 76 

3,481 20 

29,968 60 



220 



GERMAN INSURANCE CO. 



Monmouth, 111., refunding bonds, . 
DuQuoin, 111., refunding bonds, 
Hawthorne, 111. (Cook Co.), school bonds 
Jerseyville, 111., refunding bonds, . 
C, R. I. & P. R.R. bonds, . 
111. Central R.R. bonds, . 
C, B & Q. R.R. bonds, . 
Monroe, Wis., water bonds, 
Freeport, TIL, school bonds, 
United States government bonds, 
Minnehaha N'l B'k, Sioux Falls, S. Dak. stock 
First National Bank, Blue Hill, Neb. stock, 
West. Underwriters 1 Asso. Inc., Chic, 111. stock 



Par Value. 

$3,000 00 

3,000 00 

2,000 00 

11,000 00 

15,000 00 

25,000 00 

20,000 00 

75,000 00 

22,500 00 

500 00 

4,366 66 

5,000 00 

326,700 00 



Market Value. 

f 3,411 00 

3,454 80 

2,274 00 

11,567 60 

15,825 00 

27,120 00 

20,350 00 

78,599 90 

23,399 55 

551 25 

4,366 66 

5,000 00 

230,900 00 



11,210,066 66 $1,177,711 11 



Securities held as collateral for cash loans : — 



10 shares State Bank, Freeport, 111., 
120 " German Bank, Freeport, 111., . 
30 " Blue Valley Bank, Wilber, Neb., 
30 " First Nafl Bank, Blue Hill Neb., 
15 " Home Building: & Loan Association 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Gross assets, 



Market Value. 
$1,200 00 

16,2«'»0 00 
3,000 00 
3,000 00 
1,400 00 



Loaned Thereon. 

$700 00 
9,000 00 

3,000 00 
600 00 



$24,800 00 $13,300 00 



31, 1899. 

$87,695 75 

1,579,015 62 

62,595 95 

1,177,711 11 

13,300 00 

19,137 42 

138,648 50 

18,036 93 

279,603 83 

70,449 04 



$3,446,194 15 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



856,897 36 

52,368 36 

9,850 00 

$119,115 72 
16,769 50 

? 102,346 22 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$3,323,700 00 

1,321,000 00 

652,315 00 



GERMAN INSURANCE CO. 



221 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance, .... 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, 



Surplus over capital, . 

Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected, . . . . 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, etc., . 



Gross cash income, 



Expenditures. 
Cash paid for fire losses, $900,016 66 

Deduct salvage and reinsurance, . . . 95,815 12 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for expense on real estate, 

for incidentals, .... 

Gross cash expenditures, . 

Risks and Premiums. 



$1,782,254 74 

54,744 15 

17,966 42 

184 17 



$1,957,495 70 

$1,488,698 45 
200,000 00 

$1,288,698 45 



$334,251 49 
3,615 58 

$330,635 91 
1,796,878 46 

$2,127,514 37 
350,052 87 

$1,777,461 50 
350,413 01 



sources, 



$1,427,048 49 

99,023 33 

46,544 03 

6,616 42 

$1,579,232 27 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



$249,269,372 00 
145,822,722 00 

$395,092,094 00 
130,778,168 00 

$264,313,926 00 
7,624,160 00 



$804,201 54 

60,000 00 

307,429 28 

131,503 29 

38,684 76 

265 26 

143,597 48 

$1,485,681 61 

Premiums. 

$3,581,445 79 
1,796,878 46 

$5,378,324 25 
1,742,517 74 

$3,635,806 51 
102,842 71 



$256,689,766 00 $3,532,963 80 



222 



GERMAN ALLIANCE INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (30 per cent.), 
Company's stock owned by directors, .... 



$26,479,026 00 

13,057,100 00 

817,979 00 

949,665 00 

60,000 00 

76,000 00 



" GERMAN ALLIANCE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated Feb. 8, 1897. Commenced business Feb. 8, 1897.] 

Paid up Capital, $400,000. 

ADOLPH A. STROHN, President. CHARLES G. SMITH, Secretary, 



Detailed Statement of Stocks and Bonds. 



United States bonds, 

New York city bonds, .... 
Atchison, Topeka & Santa Fe R.R. bonds, 
Central R.R. of New Jersey bonds, . 
Chicago, Burlington & Quincy R.R. bonds, 
Chicago & Eastern Illinois bonds, . 
Chicago, Milwaukee & St. Paul R'y bonds, 
Edison Electric Illuminating Co. bonds, . 
Milwaukee & St. Paul R'y bonds, . 
Missouri, Kansas & Texas R'y bonds, 
Second Avenue R.R. bonds, 
Utah & Northern R.R. bonds, . 
Western Union Telegraph Co. bonds, 
50 shares Central National Bank, 



200 
200 
125 
100 
100 
200 
100 
100 
1,400 
200 



Chicago & Northwestern R.R. 
Chicago, Milwaukee & St. Paul, 
Chic, Burlington & Quincy R.R., 
Illinois Central R.R., . 
National Bank of Commerce, 
N. Y. Cen. & Hudson River R.R. 
Northern Pacific R.R., . 
Rensselaer & Saratoga R.R., 
Pennsylvania R.R., 
Union Pacific R.R., 



Par Value. 

$250,000 00 
100,000 00 
10,000 00 
20,000 00 
2,000 00 
25,000 00 
15,000 00 
10,000 00 
10,000 00 
25,000 00 
25,000 00 
20,000 00 
2,000 00 
5,000 00 
20,000 00 
20,000 00 
12,500 00 
10,000 00 
10,000 00 
20,000 00 
10,000 00 
10,000 00 
70,000 00 
20,000 00 



Market Value. 

$286,400 00 
106,750 00 

9,900 00 
23,900 00 

2,030 00 
32,500 00 
25,350 00 
11,900 00 
16,900 00 
21,500 00 
28,250 00 
23,600 00 

2,200 00 

8,750 00 
36,000 00 
31,000 00 
15,187 00 
11,200 00 
25,000 00 
25,600 00 

7,350 00 
19,300 00 
90,300 00 
14,950 00 



$721,500 00 $875,817 00 



GERMAN ALLIANCE INSURANCE CO. 



223 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, . 



31, 1899. 

$875,817 00 

7,131 20 

65,333 23 



$948,281 43 
78,000 00 



Balance, $870,281 43 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Return premiums, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, .... 



$32,551 08 

23,146 00 

240 00 

186,976 00 

135 52 

22,592 31 

11 75 

$265,652 66 
15,160 70 



250,491 96 

*619,789 47 
400,000 00 



Surplus over capital, $219,789 47 



Income. 

Fire premiums outstanding Dec. 31, 1898, . $22,615 98 

Premiums on risks written or renewed, . . 322,131 07 

Total, $344,747 05 

Premiums now in course of collection, . . 65,333 23 

Entire premiums collected, .... $279,413 82 

Less reinsurance and return premiums, . . 56,175 55 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 



$223,238 27 
34,320 56 



Gross cash income, $257,558 83 



Expenditures. 



Cash paid for fire losses, . 

Deduct salvage, 

Net cash paid for fire losses, 



$195,935 96 
2,614 20 



$193,321 76 



224 



GERM AN- AMERICAN INSURANCE CO. 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total 

Deduct risks expired and terminated, 

In force at end of year, 



$35,108,715 00 

41,407,069 00 

$76,515,784 00 

31,448,609 00 



$14,518 41 

1,775 00 

19,388 85 

2,849 90 

$261,853 92 



Premiums. 

$274,555 75 
322,131 07 

$596,686 82 
256,728 50 



$45,067,175 00 $339,958 32 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$649,805 00 

299,283 00 

206,252 00 

86,400 00 



"GERM AX-AMERICAN INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated March, 1872. Commenced business March 7, 1872. J 

Paid-up Capital, $1,000,000. 

WM. N. KREMER, President. CHARLES G. SMITH, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. M-irket Value. 

United States bonds, . . . $1,100,000 00 $1,293,350 00 

New York city bonds, 1,077,78400 1,092,28100 

Brooklyn city bonds, 175,000 00 J 83,000 00 

Boston, Mass., Rapid Transit loan, . . . 50,000 00 52,500 00 

St. Louis, Mo., bonds, 100,000 00 110,000 00 

Portland, Ore., water bonds, .... 50,000 00 55,500 00 

Albany & Susquehanna R.R. bonds, . . 75,000 00 84,750 00 

Atchison, Topeka & Santa Fe Railway bonds, . 50,000 00 47,500 00 

Chicago, Rock Island & Pacific R.R. bonds, . 100,000 00 117,000 00 

Central R;ii I road of New Jersey bonds, . . 65,000 00 72,800 00 

Central Pacific Railroad bonds, . . . 50,000 00 39,500 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 130,000 00 162,300 00 

Chicago & Northwestern Railway bonds, . 192,000 00 213,130 00 

Chicago, Burlington & Quincy R.R. bonds, . 50,000 00 52,500 00 

Chicago & Eastern Illinois R.R. bonds, . . 25,000 00 32,500 00 

Cleveland, < :., C. & St. Louis R.R. bonds, . 50,000 00 48,500 00 

Erie Railway bonds 150,000 00 202,500 00 

Hannibal & St. Joseph R.R. bonds, . . . 25,000 00 30,000 00 

Hocking Valley Railway Co. bonds, . . 10,000 00 9,900 00 



GERMAN-AMERICAN INSURANCE CO. 



225 



Little Miami R.R. bonds, .... 
Louisville & Nash. & Mo. & Mont. R.R. bonds 
Louisville & Nashville R.R. bonds, . 
Minneapolis & St. Louis R.R. bonds, 
Montana Central R.R. bonds, . 
Milwaukee & St. Paul R'y bonds, . 
New York, New Haven & Hartford R.R. bonds 
Nashville, Chattanooga & St. Louis R'y bonds 
N. Y., Lackawanna & Western R.R. bonds, 
N. Y., Susquehanna & Western R.R. bonds, 
N. Y. C. & H. R. R.R. bonds, . 
New York, Chicago & St. Louis R.R. bonds, 
Pennsylvania Co. bonds, .... 
St. Paul, Minn. & Manitoba Railway bonds, 
St. Lawrence & Adirondack R.R. bonds, . 
Utah & Northern R.R. bonds, . 
West Shore Railway Co. bonds, 
Allegheny Street Railway bonds, 
Columbus & Ninth Avenue R.R. bonds, . 
Lexington Avenue &Pavonia Ferry R'y bonds 
Minneapolis L. & M. Street Railway bonds, 
Metropolitan Street Railway bonds, 
N. Y. Gas & Elec. Light, Heat & Power Co. b'ds 
34th Street Crosstown Railway bonds, 
Troy (N. Y.) City Railway Co. bonds, . 
Edison Electric Illuminating Co. of N. Y. b'ds 
Western Union Telegraph Co. bonds, 
Maryland Steel Co. bonds, 
Standard Gas Light Co. bonds, 

100 shares Albany & Susquehanna R.R., 

500 " Atchison, Topeka & Santa Fe, 
1,000 " Cayuga & Susquehanna R.R., 

600 " Chicago, Burlington & Quincy, 
1,000 " Chic, Milwaukee & St. Paul R.R. 

650 " Chicago & Northwestern R.R., 

400 " Cleveland, C, C. & St. Louis R.R. 

200 " Detroit, Hills. & Southwest. R.R. 

450 " Great Northern R.R., . 

162 " Hocking Valley Railway Co., 

400 " Illinois Central R.R., . 

100 " Minneapolis & St. Louis R.R., 
1,200 " Morris & Essex R.R., . 
2,633 " New York & Harlem R.R., . 

390 " N. Y., New Haven & Hart. R.R., 

200 " N. Y., Lackawanna & West'n R.R. 
1,000 " Northern Pacific Railway Co., 
2,550 " Pennsylvania R.R., 

500 " Rensselaer & Saratoga R.R., 



Par Value. 

$25,000 00 

100,000 00 
24,000 00 
20,000 00 
25,000 00 
40,000 00 
20,000 00 
25,000 00 

100,000 00 
50,000 00 
50,000 00 
45,000 00 
80,000 00 
96,000 00 
25,000 00 
10,000 00 
50,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
35,000 00 
25,000 00 
50,000 00 
25,000 00 
35,000 00 
25,000 00 
47,000 00 
25,000 00 
10,000 00 
50,000 00 
30,000 00 
60,000 00 

100,000 00 
65,000 00 
40,000 00 
20,000 00 
45,000 00 
16,200 00 
40,000 00 
10,000 00 
60,000 00 

131,650 00 
39,000 00 
20,000 00 

100,000 00 

127,500 00 
50,000 00 



Market Value. 

$28,750 00 

105,000 00 

27,600 00 

21,700 00 

32,500 00 

64,000 00 

35,000 00 

25,750 00 

132,000 00 

54,000 00 

47,500 00 

47,250 00 

86,830 00 

118,890 00 

27,500 00 

12,100 00 

53,500 00 

25,000 00 

29,250 00 

29,250 00 

25,000 00 

40,600 00 

21,750 00 

55,000 00 

26,250 00 

42,000 00 

28,250 00 

42,300 00 

27,750 00 

19,500 00 

29,000 00 

58,500 00 

73,200 00 

155,000 00 

117,000 00 

38,000 00 

20,400 00 

74,250 00 

9,072 00 

43,200 00 

9,100 00 

105,000 00 

473,940 00 

78,000 00 

25,000 00 

70,000 00 

155,550 00 

90,000 oa 



226 



GERMAN-AMERICAN INSURANCE CO. 



500 shares Union Pacific R.R., . 



200 
100 
400 
90 
300 
400 
221 
600 



Wagner Palace Car Co., . 
American Exchange Nat'l Bank, 
Central National Bank, . 
Merchants 1 National Bank, 
National Bank of Commerce, 
Fourth National Bank, . 
German-American Bank, 
Standard Oil Co., 



Par Value. 

$50,000 00 
20,000 00 
10,000 00 
40,000 00 
4,500 00 
30,000 00 
40,000 00 
16,575 00 
60,000 00 



Market Value. 

$35,000 00 
36,400 00 
17,000 00 
68,000 00 
7,200 00 
75,000 00 
70,000 00 
19,061 00 

240,000 00 



$5,962,209 00 $7,423,157 00 



Summary of Assets Dec. 31, 1899. 



Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens *), 
Interest accrued thereon, .... 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 

Gross assets,! 

Deduct special deposits in other States, . 



Balance, $8,072,953 94 



$15,000 00 

53,000 00 

838 00 

7,423,157 00 

6,739 65 

202,369 88 

527,849 41 



$8,228,953 94 
156,000 00 



Liabilities. 



Losses adjusted, unpaid, 


$115,458 00 


claimed and reported, . 


295,410 00 


disputed or resisted, 


28,797 40 


Total amount of losses, 


£439,665 40 


Less reinsurance, 


100,647 00 


Net amount of unpaid losses, . 


$339,018 40 


Unearned premiums on outstanding risks, 


2,740,475 94 


Due and accrued for rent, salaries, etc., . 


8,503 98 


Commissions and brokerage, . 


103,113 52 


Return premiums and reinsurance, . 


91,265 31 


Reinsurance disallowed, 


4,352 04 


Gross liabilities, except capital, 


$3,286,729 19 


Deduct liability on special deposits, . 


103,529 28 




Q icq ion qi 






Surplus as regards policy holders, . 


. $4,889,754 03 


Paid-up capital, 


. 1,000,000 00 














Amount of insurance held ae collateral, 


28,000 00 



f Including $500,000 special reserve fund held under New York law. 



GERMAN-AMERICAN INSURANCE CO. 



227 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, 



. $495,412 09 

. 4,056,307 51 

. $4,551,719 60 

527,849 41 

. $4,023,870 19 

. 1,336,233 03 



1,687,637 16 

2,120 00 

332,857 29 

642 00 



Gross cash income, $3,023,256 45 

Expenditures. 
Cash paid for fire losses, $2,517,915 39 



Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . . - 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



716,015 05 



Gross cash expenditures, . 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$660,610,385 00 
475,024,068 00 

$1,135,634,453 00 
414,716,630 00 

8720,917,823 00 
76,969,071 00 



$1,801,900 34 
300,000 00 
443,584 26 
213,278 99 
96,158 44 
333,765 85 

$3,188,687 88 



Premiums. 

$5,474,216 14 
4,056,307 51 

$9,530,523 65 
3,689,335 16 

$5,841,188 49 
518,800 56 



$643,948,752 00 $5,322,387 93 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (30 per cent.), 
Company's stock owned by directors, . 



$54,379,465 00 

28,934,995 00 

1,764,963 00 

4,390,000 00 

300,000 00 

145,200 00 



228 



GERMAN FIRE INSURANCE CO. 



"GERMAN FIRE INSURANCE COMPANY OF THE CITY OF 
PITTSBURGH," PITTSBURGH, PA. 

[Incorporated March 27, 1862. Commenced business July, 1882.] 

Paid-up Capital, $200,000. 

A. E. 8UCCOP, President. A. H. ECKERT, Secretary. 



Detailed Statement of Stocks 



102 shares German Nafl Bank, Pittsburgh, 

50 
100 
100 

43 
3 

10 
100 

45 



Third Nat'l Bank, Pittsburgh, 
Exchange National Bank, Pitts., 
Allegheny National Bank, Pitts., 
M. & M. National Bank, Pitts., 
Metropolitan Nat'l Bank, Pitts., 
Fifth Avenue Bank, Pittsburgh, 
First National Bank, Allegheny, 
Second National Bank, Allegheny, 
Aleppo township school bonds, 
People's Park Passenger Railway bonds, 
Milvale & Etna Traction Co. bonds, 
Pittsburgh & Birmingham Traction Co. bonds 



Securities held as collateral for cash loans : — 



100 shares Allegheny Valley R.R. Co., 



and Bonds. 

Par Value. 

810,200 00 

5,000 00 

5,000 00 

5,000 00 

2,150 00 

300 00 

500 00 

10,000 00 

4,500 00 

1,600 00 

6,000 00 

11,500 00 

8,000 00 



Market Value. 

$18,360 00 

5,400 00 

7,325 00 

6,600 00 

3,848 50 

384 00 

420 00 

12,200 00 

10,575 00 

1,840 00 

6,420 00 

12,765 00 

8,680 00 



200 
50 

110 

500 
75 

110 
10 

252 



West End Traction Co., . 
United States Glass Co., . 
Pittsburg Brewing Co., . 
Pitts. & Birmingham Traction 
Westinghouse Air Brake Co., 
Pittsburg Brewing Co., . 
Germania Savings Bank, 
United States Glass Co., . 



Co., 



$69,750 00 £94,817 50 

Market Value. Loaned Thereon. 

$1,400 00^ 

5,600 00 

1,300 00 

5,115 00 
21,000 00 

14,700 oo ; 

5,115 00 4,100 00 
1,900 00 1,500 00 
6,552 00 5,000 00 



)> $37,950 00 



$62,682 00 $48,550 00 



Summary of Assets Dec. 31, 1899. 

Cash value of unencumbered real estate, . $ 2,200 00 

Loans on mortgage of real estate (first liens *), 286,790 00 

Interest due or accrued thereon, . . . 4,716 78 

Stocks and bonds, as per schedule, . . . 94,817 50 

Loans on collateral security, as per schedule, 48,550 00 

Cash in the office of the company, . . . 21 44 

Cash deposited in bank, 31,767 44 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$372,800 00 
402,750 00 
258,350 00 



GERMAN FIRE INSURANCE CO. 



229 



Interest due and accrued, .... 

Premiums in course of collection (gross), 

Gross assets, 



$601 37 
48,709 96 



$518,174 49 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, 

Surplus over capital, . 

Income 

Fire premiums outstanding Dec. 31, 1898 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from all other sources, 

Gross cash income, . 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for rent, 

for incidentals, .... 



$4,750 00 
21,346 06 

$26,096 06 
3,877 26 

$22,218 80 

185,271 09 

557 03 

900 00 

8,118 32 

1,656 40 



$38,560 09 
284,284 58 

$322,844 67 
48,709 96 

$274,134 71 
53,714 07 



sources, 



$144,432 09 
11,985 68 



Gross cash expenditures, 



218,721 64 

$299,452 85 
200,000 00 

$99,452 85 



$220,420 64 

17,556 90 

5,379 64 

742 45 

$244,099 63 



$132,446 41 
20,000 00 
61,960 79 
17,107 98 
4,995 37 
2,410 00 
11,524 72 

$250,445 27 



230 



GERMAXIA FIRE INSURANCE CO. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$27,612,966 00 $321,629 87 
25,728,101 00 284,284 58 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$53,341,067 00 $605,914 45 
19,929,812 00 237,704 75 



$33,411,255 00 $368,209 70 
1,451,756 00 17,581 82 



$31,959,499 00 $350,627 88 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Company's stock owned by directors, .... 



15,690,964 00 

2,745,938 00 

129,935 00 

718,000 00 

20,000 00 

18,700 00 



"GERMANIA FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated March 2, 1859. Commenced business March 2, 1859.] 
Paid-up Capital, $1,000,000. 
HUGO SCHUMANN, President. CHARLES RUYKHAVER, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, ?550,000 00 |627,000 00 

Baltimore & Ohio R.R. Co. bonds, . . . 56,000 00 53,380 00 

Brooklyn Union Elevated R.R. Co. bonds, . 15,000 00 14,100 00 

Chesapeake & Ohio R'y Co. bonds, . . . 30,000 00 30,900 00 

Chic, Rock Island & Pac. R.R. bonds, . . 25,000 00 32,500 00 

Chicago & Northwestern R'y Co. bonds, . . 36,000 00 41,400 00 

Cleve., Columb., Cin. & Ind. R.R. Co. bonds, . 25,000 00 33,000 00 

Denver & Rio Grande R.R. Co. bonds, . . 35,000 00 34,300 00 

Dry Dock, East B'way & Battery R.R. Co. bonds, 10,000 00 11,600 00 

Edison Electric Ilium. Co. bonds, . . . 25,000 00 27,000 00 

Fargo & Southern Railway Co. bonds, . . 20,000 00 27,400 00 

Flint & Pere Marquette R.R. Co. bonds, . . 25,000 00 . 26,000 00 

Georgia State bonds, 25,000 00 26,000 00 

Harlem River & Port Chester R.R. bonds, . 10,000 00 11,000 00 

Kentucky Central Railway Co. bonds, . . 25,000 00 24,250 00 

Lehigh Valley R'y Co. of N. Y. bonds, . . 25,000 00 27,500 00 

Long Island R.R. Co. bonds, .... 15,000 00 18,000 00 



GERMANIA FIRE INSURANCE CO. 



231 



Michigan Central R.R. Co. bonds, . 

Milwaukee & Northern R.R. Co. bonds, . 

Milwaukee & St. Paul Railway Co. bonds, 

Mississippi State bonds, .... 

Missouri Pacific R'y Co. bonds, 

Morris & Essex R.R. Co. bonds, 

N. Y., Brooklyn & Man. Beach R'y Co. bonds, 

New York city bonds, .... 

N. Y. Central & Hudson River R.R. Co. bonds 

Pennsylvania Co. bonds, .... 

Pittsburg & Western R'y Co. bonds, 

Richmond City bonds, .... 

Rome, Watert'n&Ogdensburgh R.R. Co. bonds 

St. Paul, Minn. & Manitoba R'y Co. bonds, 

St. Paul & Northern Pacific R.R. Co. bonds, 

Tenn. Coal, Iron & R.R. Co. bonds, . 

Third Avenue R.R. Co. bonds, . 

Underwriters' Protect. Asso. of Newark bonds 

Wheeling & Lake Erie R'y Co. bonds, . 

Broadway & 7th Ave. R.R. Co. stock, 

Brooklyn Union Elevated R.R. Co. stock, 

Chicago, Milwaukee & St. Paul R'y Co. stock 

Chicago, Burl. & Quincy R.R. Co. stock, . 

Consolidated Gas Co. stock, 

Del., Lackawanna & Western R.R. Co. stock, 

German American Bank stock, 

Great Northern R'y Co. stock, . 

Illinois Central R.R. Co. stock, 

National Park Bank stock, 

N. Y. Central & Hudson River R.R. Co. stock 

Pennsylvania R.R. Co. stock, . 

Pullman's Palace Car Co. stock, 

Union Pacific R.R. Co. stock, . 

Western Union Telegraph Co. stock, ' , 



Par Value. 

$20,000 00 
25,000 00 
15,000 00 
20,000 00 
25,000 00 
5,000 00 
25,000 00 

500,000 00 
50,000 00 
50,000 00 
25,000 00 
52,100 00 
35,000 00 
25,000 00 
16,000 00 
25,000 00 
25,000 00 
900 00 
25,000 00 
40,000 00 
3,000 00 
50,000 00 

100,000 00 

75,000 00 

50,000 00 

9,375 00 

50,000 00 

100,000 00 
5,000 00 

100,000 00 

100,000 00 

100,000 00 
50,000 00 
80,000 00 



Market Value. 

$25,600 00 

30,000 00 

25,650 00 

20,000 00 

28,250 00 

5,300 00 

26,500 00 

526,000 00 

47,500 00 

57,000 00 

25,000 00 

53,663 00 

44,800 00 

28,750 00 

20,640 00 

27,500 00 

31,750 00 

900 00 

26,750 00 

92,000 00 

900 00 

58,500 00 

120,000 00 

141,000 00 

88,000 00 

10,781 25 

86,500 00 

111,000 00 

25,000 00 

127,500 00 

130,000 00 

185,500 00 

37,500 00 

68,000 00 



$2,828,375 00 $3,399,061 25 



Summary of Assets Dec. 31, 1899. 

Cash value of unencumbered real estate, . $690,324 27 

Loans on mortgage of real estate (first liens *), 378,500 00 

Interest accrued thereon, 8,543 73 

Stocks and bonds, as per schedule, . . . 3,399,064 25 

Cash in the office of the company, . . . 2,955 64 

Cash deposited in bank, 72,526 31 

Interest due and accrued, 2,500 00 



* Value of landa mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$247,500 00 
421,500 00 
389,500 00 



232 



GERMANIA FIRE INSURANCE CO. 



Premiums in course of collection (gross), 

Rents due and accrued, 

Cash in hands of department managers, . 
Prem's more than three mos. due, . $165 72 

Gross assets, 

Deduct special deposits in other States, . 



$235,408 03 

2,219 17 

24,828 61 



$4,816,870 01 
79,663 00 



Balance, $4,737,207 01 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . ; 
Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Reinsurance disallowed, . . . 

Gross liabilities, except capital, 
Deduct liability on special deposits, . 



f 48,1 19 65 

76,075 87 

5,700 00 

$129,895 52 
38,083 16 

$91,812 36 

1,588,646 34 

35,008 46 

7,208 29 

>1,722,675 45 
33,143 79 



1,689,531 66 



Surplus as regards policy holders, 
Paid-up capital, 



Surplus over capital, . 



. $3,047,675 35 
. 1,000,000 00 



. -52,047,675 35 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, 



$229,664 58 
1,747,749 30 

$1,977,413 88 
235,573 75 



Entire premiums collected, 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest received on mortgages, 



. $1,741,840 13 
537,267 97 

. $1,204,572 16 

16,000 33 
Interest and dividends received from all other sources, . . 140,373 71 



Gross cash income, $1,360,946 20 



GIRARD FIRE AND MARINE INSURANCE CO. 



233 



Expenditures. 

•Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . . - 

Cash dividends paid, 

•Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



$844,958 39 
142,326 81 



Gross cash expenditures, 



$702,631 58 

150,000 00 

193,688 18 

136,224 61 

43,308 20 

89,744 69 

. $1,315,597 26 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$370,162,277 00 $2,996,131 21 
232,632,215 00 1,747,749 30 



Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$602,794,492 00 $4,743,880 51 
199,934,778 00 1,586,689 09 



$402,859,714 00 $3,157,191 42 
19,519,563 00 134,599 98 



$383,340,151 00 $3,022,591 44 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (15 per cent.), 
Company's stock owned by directors, . 



$34,258,150 00 

. 17,019,319 00 

716,943 00 

. 3,191,000 00 

150,000 00 

207,700 00 



"GIRARD FIRE AND MARINE INSURANCE COMPANY," 
PHILADELPHIA, PA. 

[Incorporated March 26, 1853. Commenced business May 2, 1853.] 
Paid-up Capital, $300,000. 
ALFRED 8. GILLETT, President. EDWIN F. MERRILL, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $72,000 00 $82,800 00 

City of Louisville, Ky., bonds, . . . . 10,000 00 11,400 00 

County of St. Louis, Mo., bonds, . . . 10,000 00 11,300 00 

City of Seattle, Wash., bonds, .... 50,000 00 53,500 00 



234 



GIRARD FIRE AND MARINE INSURANCE CO. 



Borough of Ridley Park, Penn., bonds, 

Wadena, Minn , school bonds, . 

State of Georgia bonds, . 

City of Camden, N. J., bonds, . 

City of Duluth, Minn., bonds, . 

Norfolk & Western Railroad bonds, 

Connecting Railroad bonds, 

Pennsylvania Railroad bonds, . 

Phila., Wil. & Baltimore R.R. bonds, 

Pitts., Cin., Chic. & St. Louis R.R. bonds, 

Delaware Railroad Co. bonds, . 

North Penn. R.R. bonds, . 

Lehigh Valley Railroad bonds, 

Zanesville & Ohio Railroad bonds, 

Lynn & Boston Railroad bonds, 

Lower Merion Gas Co. bonds, . 

Hutchinson, W. L. & P. Co. bonds, 

Hamilton R. E. Co., Phila., bonds, 

Northwestern Gas Light & Coke Co. bonds, 

Phila. & Reading R.R. Co. bonds, 

Hudson River Gas & Electric Co. bonds, 

Phila. & Darby Passenger R'y Co. stock, 

Holmesburg Water Co. stock, . 

Pennsylvania R.R. Co. stock, . 

Lehigh Valley R.R. Co. stock, . 

Philadelphia Traction Co. stock, 

Lehigh Coal & Navigation Co. stock, 

Philadelphia Bourse stock, 

Continental Title and Trust Co. stock, 

Penn. Salt Manufacturing Co. stock, 

Reading Co. stock, .... 

Girard Fire & Marine Ins. Co. stock, §44,625 00 



Securities held as collateral for cash loans : — 



Par Value. 

$4,000 00 

5,000 00 

25,000 00 

20,000 00 

15,000 00 

15,000 00 

10,000 00 

10,000 00 

70,000 00 

10,000 00 

6,000 00 

5,000 00 

20,000 00 

10,000 00 

25,000 00 

8,000 00 

6,000 00 

5,000 00 

10,000 00 

50,000 00 

20,000 00 

2,250 00 

1,000 00 

15,000 00 

15,000 00 

5,000 00 

5,000 00 

1,500 00 

1,250 00 

9,450 00 

2,400 00 



Market Value. 

$4,400 00 

5,000 00 

26,750 00 

23,000 00 

16,500 00 

15,000 00 

10,800 00 

13,000 00 

76,600 00 

11,500 00 

6,600 00 

5,650 00 

20,700 00 

500 00 

28,250 0G 

8,000 00 

6,000 00 

5,000 00 

10,000 00 

60,500 00 

21,000 00 

1,800 00 

1,000 00 

19,650 00 

7,500 00 

9,500 00 

4,300 00 

370 00 

1,750 00 

21,735 00 

576 00 



$548,850 00 $601,931 00 



Mortgages assigned, ...... 

Summary of Assets Dec. 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, . 
Cash in the office of the company, . 



Market Value. Loaned Thereon. 

$2 16,300 00 $116,500 00 

31, 1899. • 

§403,500 00 

724,950 00 

13,251 44 

601,931 00 

116,500 00 

11,959 17 



* Value of lands mortgaged $1,596,050 00 

Value of buildings thereon 612,490 00 

Amount of insurance held as collateral 349,330 00 



GIRARD FIRE AND MARINE INSURANCE CO. 



235 



Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for fire risks, 
Rents due and accrued, .... 
Reinsurance, etc., due on losses paid, 
Perpetual premiums in eourse of collection, 
Gross assets, 



$61,835 76 

6,151 58 

81,065 68 

20,324 95 

460 50 

2,772 37 

16,996 50 



$2,061,698 95 



Liabilities. 
Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
State and local taxes, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus oyer capital, . 

Income 
Fire premiums outstanding Dec. 31, 1898 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from all other sources, 

Deposits received for perpetual fire risks 

Gross cash income, .... 



$43,975 11 
2,700 00 

$46,675 11 
6,747 66 

$39,927 45 

412,750 65 

624,088 31 

795 48 

32,964 99 

22,543 04 

2,800 00 



- 1,135,869 92 

. $925,829 03 

. 300,000 00 

. $625,829 03 



$89,566 87 

17,076 64 

$72,490 23 

507,213 58 

$579,703 81 

118,387 13 

$461,316 68 

89,372 75 



sources, 



$33,325 91 



$371,943 93 

46,687 47 

30,067 43 

10,801 53 

1,962 51 



$461,462 87 



236 



GLENS FALLS INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employe 
for State and local taxes, . 
for expenses on real estate, 
for incidentals, .... 

Deposits returned on perpetual fire risks, 



es, 



0250,207 72 
24,823 93 



$25,199 25 



Gross cash expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 
Perpetual risks in force (not incl'd above) , 



$79,041,296 00 

52,722,275 00 

$131,763,571 00 

43,102,887 00 

$88,660,684 00 

4,344,053 00 

$84,316,631 00 

$32,263,110 00 



$225,383 79 
75,000 00 
94,033 60 
55,368 44 
23,029 28 
3,810 24 
31,501 28 



$508,126 63 

Premiums. 

$776,131 75 
507,213 58 

$1,283,345 33 
439,793 70 

$843,551 63 
45,811 32 

$797,740 31 
$693,431 45 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (25 per cent.), 
Company's stock owned by directors, .... 



£14,126,341 00 
5,539,828 00 
263,107 00 
2,008,194 00 
75,000 00 
36,400 00 



" GLENS FALLS INSURANCE COMPANY," GLEXS FALLS, N. Y. 

[Incorporated May, 1849. Commenced business May, 1850.] 

Paid-up Capital, $200,000. 

J. L. CUNNING-HAM, President. R. A. LITTLE, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $ 58,000 00 $75,540 00 

N. Y. Central & Hudson River R.R. bonds, . 200,000 00 225,000 00 

New York & Harlem R.R. bonds, . . . 100,000 00 101,000 00 

Lake Shore & Michigan So. Railroad bonds, . 50,000 00 50,500 00 



GLENS FALLS INSURANCE CO. 



237 



Syracuse, Bing. & New York R.R. bonds, 

Morris & Essex R.R. bonds, 

West Shore R.R. bonds, . 

Hudson River Pulp & Paper Co. bonds, 

Gould Paper Mills Co. bonds, . 

German Trust Co., Davenport, la., bonds 

Glens Falls Paper Mills Co. bonds, . 

Georgia State bonds, 

Richmond city bonds, 

Cleveland Trust Co. stock, 

Mt. Kisco National Bank stock, 

Glens Falls National Bank stock, 

Saratoga Springs water bonds, 

First National Bank, Glens Falls, stock, 

International Loan & Trust Co. bonds, 



Par Value. 

$53,000 00 

50,000 00 

50,000 00 

320,000 00 

400,000 00 

70,000 00 

150,000 00 

25,000 00 

11,000 00 

5,000 00 

5,000 00 

2,500 00 

5,000 00 

10,000 00 

66,143 49 



Market Value. 

$66,117 50 

69,250 00 

54,000 00 

320,000 00 

400,000 00 

70,000 00 

150,000 00 

25,000 00 

11,000 00 

6,000 00 

5,000 00 

5,000 00 

5,000 00 

20,000 00 

66,143 49 



$1,630,643 49 $1,724,550 99 



Securities held as collateral for cash loans : — 



Morris & Essex R.R. bonds, 

Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens) 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, .... 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Notes taken for fire risks, 

Prem's more than three mos. due, .$1,729 82 

Gross assets,* 

Deduct special deposits in other States, . 



Balance, 



Market Value. 

$4,155 00 



Loaned Thereon. 

$4,000 00 



31, 1899. 

$47,250 00 

1,179,319 18 

7,736 77 

1,724,550 99 

4,000 00 

1,689 43 

253,261 93 

10,702 10 

97,463 18 

1,216 90 



$3,327,190 48 
36,000 00 

$3,291,190 48 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



$9,085 36 

36,011 00 

5,290 00 

$50,386 36 
8,870 50 

$41,515 86 



* Including $200,000 special reserve held under New York laws. 



238 



GLENS FALLS INSURANCE CO. 



Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, 



$905,918 99 

10,000 00 

H,862 90 

13,430 87 

$985,728 62 

18,810 00 



$966,918 62 

. $2,324,271 86 
200,000 00 



£2,124,271 86 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 



$97,463 18 
975,253 75 

$1,072,716 93 
97,463 18 

§975,253 75 
165,449 18 



sources, 



Gross cash income, 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



$809,804 57 

78,521 67 

99,361 69 

1,227 38 

$988,915 31 



$498,194 57 
35,894 66 



Gross cash expenditures, $867,650 41 



$462,299 91 
60,000 00 
171,660 75 
64,007 84 
48,756 82 
60,925 09 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$177,520,769 00 $1,877,350 09 
94,878,480 00 975,253 75 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . . . 



$272,399,249 00 $2,852,603 -4 
90,892,910 00 958,309 13 



$181,506,339 00 $1,894,294 71 
9,809,613 00 120,236 81 



$171,696,726 00 $1,774,057 90 



GRANITE STATE FIRE INSURANCE CO. 



239 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (30 per cent.), 
Company's stock owned by directors, . 



,082,675 00 
,759,574 00 

458,664 00 

840,000 00 

60,000 00 

71,980 00 



"GRANITE STATE FIRE INSURANCE COMPANY," 
PORTSMOUTH, N. H. 

[Incorporated July 17, 1885. Commenced business Nov. 12, 1885.] 

Paid-up Capital, $200,000. 

FRANK JONES, President. ALFRED F. HOWARD, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

State of Massachusetts bonds $20,000 00 $22,650 00 

Boston, Mass., bonds, 20,000 00 21,900 00 

Quincy, Mass., bonds, 6,000 00 7,072 50 

Maiden, Mass., bonds, 5,000 00 5,223 50 

Taunton, Mass., bonds, 8,000 00 8,958 40 

Newton, Mass., bonds 9,000 00 10,668 60 

Manchester, N. H., bonds, .... 100,000 00 105,460 00 

Portsmouth, N. H., bonds, .... 10,00000 11,06125 

Dover, N. H., bonds, 10,000 00 10,67150 

Nashua, N. H., bonds, 10,000 00 11,029 80 

Concord, N. H., bonds, 1,000 00 1,138 50 

Laconia, N. H., bonds, 10,000 00 11,488 60 

Pittsfield, N. H., bonds, 2,500 00 2,698 00 

Peterborough, N. H., bonds, .... 4,000 00 4,305 80 

Newport, N. H., bonds, . . . ... 5,000 00 5,136 50 

Hillsborough County, N. H., bonds, . . . 10,000 00 11,382 00 

Coos County, N. H., bonds, .... 5,000 00 5,039 00 

Rockingham County, N. H., bonds, . . . 10,000 00 10,767 40 

Columbia County, Wash., bonds, . . . 8,000 00 8,320 00 

.Burlington, Vt., bonds, 5,000 00 5,521 50 

Concord & Montreal R.R. bonds, . . . 10,000 00 11,019 00 

Boston & Lowell R.R. bonds, .... 10,00000 11,12500 

Tacoma R'y & Power Co. bonds, . . . 2,000 00 2,000 00 

Tacoma Traction Co. bonds, . . . . 361 90 361 90 

Emporia Electric & Gas Light Co. bonds, . 2,000 00 2,000 00 

Chippewa Falls Water Works Co. bonds, . 10,500 00 10,500 00 

Water, L. & P. Co., St. Cloud, Minn., bonds, . 10,000 00 10,000 00 

New Hampshire Trust Co. bonds, . . . 8,400 00 6,300 00 

Eastman Freight Car Heater Co. bonds, . . 26,000 00 26,000 00 



240 



GRANITE STATE FIRE INSURANCE CO. 



Nashua Card & Glazed Paper Co. bonds, 
123 shares Boston & Maine R.R., 
133 " Dover Gas Light Co., 

50 " Wolfboro 1 Loan & Banking Co., 

51 " Worcester, Nashua & Roch'terR.R 
35 " Concord & Montreal R.R., 

40 " Indian Head N'l B'k, Nashua, N. H., 



Par Valne. 
$5,000 00 

12,300 00 
3,325 00 
5,000 00 
5,100 00 
3,500 00 
3,200 00 



Market Value. 
$5,000 00 

24,600 00 
3,325 0G 
5,000 00 
6,730 00 
7,000 00 
3,200 00 



$375,186 90 1414,653 75 



Summary of Assets Dec 

Cash value of unencumbered real estate, . 

Loans on mortgage of real estate (first liens *) 

Interest accrued thereon, . 

Stocks and bonds, as per schedule, . 

Cash in the office of the company, . 

Cash deposited in bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross) 

Reinsurance due on losses paid, 

Gross assets, .... 



31, 1899. 

$31,400 00 

16,400 00 

228 47 

414,653 75 

4,262 87 

40,342 08 

1,610 65 

45,112 18 

149 20 



1564,159 20 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



$23,771 62 

22,778 50 

1,300 00 

$47,850 12 
10,416 61 

$37,433 51 

210,379 33 

1,140 56 

201 43 

6,457 29 

11,430 20 

230 38 



267,272 70 

$286,886 50 
200,000 00 



Surplus over capital, $86,886 50 

* Value of lands mortgaged $22,000 00 

Value of buildings thereon 17,600 00 

Amount of insurance held as collateral, .... 11,900 00 



GRANITE STATE FIRE INSURANCE CO. 



241 



Income. 
Fire premiums outstanding Dec. 31, 1898, 
Same not collected, .... 

Net collected, . 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Profit on sale of real estate, 

Gross cash income, . 



,466 23 
163 13 



$58,303 10 
449,011 15 

$507,314 25 
45,112 18 

$462,202 07 
120,948 43 



sources, 



$341,253 64 

961 92 

17,508 58 

1,830 00 

462 69 

$362,016 83 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, . 

Gross cash expenditures, .... 



$268,783 39 
51,247 41 



$217,535 98 
12,000 00 
64,316 76 
11,380 00 
8,527 23 
26,369 81 

$340,129 78 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

. $44,926,324 00 $526,779 54 
. 35,354,660 00 449,011 15 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



),280,984 00 $975,790 69 
. 34,699,173 00 435,507 30 



.$45,581,811 00 $540,283 39 
. 12,499,795 00 147,450 17 



. $33,082,016 00 $392,833 22 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$6,493,339 00 

2,899,441 00 

231,661 00 

120,000 00 

12,000 00 

133,100 00 



242 



THE GREENWICH INSURANCE CO. 



"THE GREENWICH INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated May 5, 1834. Commenced business Jan. 1, 1835.] 

Paid-up Capital, $200,000. 

MA80N A. STONE, President. WALTER B. WARD, Ass't Secretary. 



Detailed Statement of Stocks 



United States government bonds, 
District of Columbia bonds, 
Harlem River & Portchester R.R. bonds, 
Albany & Susquehanna R.R. bonds, 
The Oswego & Syracuse R.R. Co. bonds, 
State of Georgia bonds, .... 
The Central of Georgia R'y Co. bonds, . 
Consolidated Gas Co. of New York stock, 
Rensselaer & Saratoga R.R. Co. stock, . 
The Valley R.R. Co. stock, 
National Broadway Bank stock, 
Delaware & Hudson Canal Co. stock, 
N. Y., Lack. & Western R.R. Co. stock, . 
Chicago & North Western Railway Co. stock 
Chic, Mil. & St. Paul Railway Co. stock, 
Morris & Essex R.R. Co. stock, 
Great Northern Railway Co. stock, . 



and Bonds. 

Par Value. 

$46,500 00 
125,000 00 
10,000 00 
80,000 00 
53,000 00 
25,000 00 
25,000 00 
100,000 00 
60,000 00 
35,000 00 
17,500 00 
60,000 00 
25,000 00 
30,000 00 
50,000 00 
5,000 00 
60,000 00 



Market Value. 

$53,010 00 

148,750 00 

11,100 00 

93,600 00 

62,540 00 

26,500 00 

26,500 00 

191,000 00 

115,800 00 

45,500 00 

42,000 00 

70,800 00 

33,000 00 

60,900 00 

86,000 00 

9,100 00 

103,800 00 



$807,000 00 $1,179,900 00 



Summary of Assets Dec. 31, 1899. 



Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Notes taken for fire, marine and inland risks, 
Reinsurance due on losses paid, 
Prem's more than three mos. due, $10,377 54 

Gross assets, 

Deduct special deposits in other States, . 



Balance, $1,668,473 50 



$250,000 00 

1,179,900 00 

7,539 45 

26,501 41 

224,618 99 

13,693 28 

4,120 37 



$1,706,373 50 
37,900 CO 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, 



$11,537 25 

161,747 83 

20,909 50 

$194,194 58 
34,376 38 

$159,818 20 



THE GREENWICH INSURANCE CO. 



243 



Unearned premiums on outstanding risks, 
Reclainiable on perpetual fire policies, . 
Due for borrowed money, 
State and local taxes, .... 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Miscellaneous, 



Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Paid-up capital, 



$845,052 86 

931 50 

117,000 00 

5,000 00 

40,000 00 

22,937 43 

12,559 47 

5,050 25 

$1,208,349 71 
36,369 84 



- $1,171,979 87 

. |496,493 63 
200,000 00 



Surplus over capital, . 



. |296,493 63 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1898, 

Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, , 



Entire premiums collected, .... $175,756 59 
Less reinsurance and return premiums, . . 23,392 85 

Net cash marine premiums received, . 
Interest and dividends received from all sources, . 

Income from rents, 

Borrowed money, $117,000 00 



$196,997 79 
15,607 44 

$181,390 35 
1,332,250 60 

$1,513,640 95 
222,470 40 

$1,291,170 55 
327,340 02 

$6,088 15 
168 94 

$5,919 21 
187,363 51 

$193,282 72 
17,526 13 



$963,830 53 



152,363 74 
46,112 23 

16,500 00 



Gross cash income, $1,178,806 50 



244 



THE GREENWICH INSURANCE CO. 



Expenditures. 
Cash paid for fire losses, . 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash paid for marine and inland losses, 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for repairs on real estate, 

for rent and incidentals, . 

Gross cash expenditures, .... 



$755,255 80 
105,340 44 

$200,536 79 
52,778 59 



$649,915 36 



147,758 20 
20,000 00 

216,204 95 

139,962 21 

21,685 03 

704 21 

158,781 86 

$1,355,011 82 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$236,963,960 00 $1,466,858 52 
168,091,106 00 1,332,250 60 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$405,055,066 00 $2,799,109 12 
142,017,254 00 1,114,612 55 



$263,037,812 00 $1,684,496 57 
27,194,493 00 213,471 37 



$235,843,319 00 $1,471,025 20 

$2,417,150 00 181,557 75 
55,765,614 00 187,363 51 



$58,182,764 00 $268,921 26 
56,092,560 00 199,515 97 



82,090,204 00 $69,405 29 
37,910 00 1,348 85 



$2,052,294 00 $68,056 44 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Marine and inland losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, . 



$20,516,821 00 

12,592,821 00 

690,009 00 

103,967 00 

2,168,000 00 

20,000 00 

82,325 00 



HANOVER FIRE INSURANCE CO. 



245 



"HANOVER FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April, 1852. Commenced business April, 1852.] 
Paid-up Capital, $1,000,000. 
I. REMSEN LANE, President. CHARLES A. SHAW, Secretary. 



Detailed Statement of Stocks 



United States bonds, .... 

State of Georgia bonds, .... 
City of Richmond, Va., bonds, . 
Flint & Pere Marquette R.R. Co. bonds, . 
Chicago, Burlington & Quincy R.R. bonds, 
Central Railroad Co. of New Jersey bonds, 
Milwaukee & Northern Railroad Co. bonds, 
Chic, Milwaukee & St. Paul Railway Co. bonds 
Chic, Milwaukee & St. Paul Railway Co. bonds 
Pennsylvania Co. bonds, .... 
Flint & Pere Marquette R.R. Co. bonds, . 
Chicago, Burlington & Quincy R.R. Co. bonds 
N. Y., New Haven & Hartford R.R. certificates 
Cin., Ind'polis, St. Louis & Chic. R'y Co. b'ds 
Brooklyn City R.R. bonds, 
Lehigh Valley Terminal Co. bonds 
Atchison, Topeka & Santa Fe R.R. Co. bonds 
Erie R.R. Co. bonds, . 

N. Y., Susquehanna & Western R.R. Co. bonds 
Chic, Indianapolis & Louisville R'y Co. bonds 
Columbus & Ninth Ave. (N. Y.) R.R. Co. b'ds 
New York city water stock, 
New York city dock bonds, 

100 shares Rensselaer & Saratoga R.R. Co., 

340 - 

230 

400 

500 
1,000 ' 

450 

350 

191 

500 
2,600 

450 

600 

500 

220 

350 

400 



Rome, Watert'n & Ogden. R.R. Co. 
Chic, Burl. & Quincy R.R. Co., 
Chic, Rock Is. & Pacific R.R. Co. 
Chicago & Northwestern R'y Co. 
N. Y. Cent. & Hud. Riv. R.R. Co. 
The Great Northern R'y Co., 
Chicago & Northwestern R'y Co. 
Syra^Bingh'nVt'n&N.Y.R.R.Co. 
Clev., Cinn.,Chic & St. Lo.R'y Co. 
Pennsylvania Railroad Co., . 
Chic, Mil. & St. Paul R'y Co., 
Beech Creek Railroad Co., . 
Union Pacific Railroad Co., . 
Illinois Central Railroad Co., 
Pitts., F't Wayne & Chic. R'y Co. 
Erie & Pittsburgh R.R. Co., . 



and Bonds. 

Par Value. 

$148,000 00 

25,000 00 

50,000 00 

30,000 00 

4,000 00 

100,000 00 
5,000 00 
10,000 00 
10,000 00 
36,000 00 
30,000 00 
25,000 00 
50,000 00 
25,000 00 
25,000 00 
20,000 00 
25,000 00 
50,000 00 
25,000 00 
15,000 00 
10,000 00 

100,000 00 
75,000 00 
10,000 00 
34,000 00 
23,000 00 
40,000 00 
50,000 00 

100,000 00 
45,000 00 
35,000 00 
19,100 00 
50,000 00 

130,000 00 
45,000 00 
25,000 00 
50,000 00 
22,000 00 
35,000 00 
20,000 00 



Market Value. 

$189,930 00 

28,250 00 

57,000 00 

36,000 00 

4,080 00 

121,000 00 
6,050 00 
11,900 00 
11,700 00 
41,400 00 
31,200 00 
26,000 00 
94,500 00 
25,750 00 
29,000 00 
22,400 00 
24,812 50 
45,500 00 
26,500 00 
17,250 00 
12,325 00 

101,000 00 
75,750 00 
20,025 00 
45,900 00 
28,002 50 
42,650 00 
80,000 00 

131,750 00 
78,075 00 
70,700 00 
32,470 00 
54,000 00 

170,950 00 
78,075 00 
26,000 00 
37,500 00 
22,880 00 
66,500 00 
33,000 00 



246 



HANOVER FIRE INSURANCE CO. 



700 shares Pitts., McKees. & Yough. R.R. Co., 

150 " Morris & Essex R.R. Co., 

7 " Chic., InoVp's & Louisv'e R'y Co., 

60 " Phil., Wil. & Baltimore R.R. Co., 

550 " Northern Pacific Railway Co., 

75 " Metropolitan National Bank, . 

150 " American Exchange Nat'l Bank, 

75 " The Bank of America, . 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Cash in the office of the company, . 

Cash deposited in bank, .... 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Rents due and accrued, .... 

Reinsurance due on losses paid, 

Prem's more than three mos. due, .$7,079 25 

Gross assets, 

Deduct special deposits in other States, . 



Par Value. 

$35,000 00 

7,500 00 

700 00 

3,000 00 

55,000 00 

7,500 00 

15,000 00 

7,500 00 



Market Value. 

$49,700 00 

13,950 00 

336 00 

4,800 00 

40,700 00 

75 00 

27,750 00 

32,250 00 



Balance, 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



$1,757,300 00 $2,227,336 00 

31, 1899. 

$450,000 00 

3,500 00 

14 58 

2,227,336 00 

58,624 51 

54,915 97 

25,295 00 

264,511 56 

960 00 

11,789 07 



$3,096,946 69 
85,250 00 



$3,011,696 69 



$106,426 68 

111,765 08 

13,515 68 

$231,707 44 
35,907 71 

8195,799 73 

1,220,839 01 

45,161 73 

27,275 33 

$1,489,075 80 
56,845 43 



1,432,230 37 

. $1,579,466 32 
. 1,000,000 00 



$579,466 32 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$2,500 00 
5,000 00 
3,500 00 



HANOVER FIRE INSURANCE CO. 



247 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Income from all other sources, . 



Gross cash income, 



$208,216 26 
3,563 94 

$204,652 32 
1,999,773 77 

$2,204,426 09 
271,590 81 

$1,932,835 28 
444,294 61 



sources, 



$1,488,540 67 

278 53 

90,413 98 

11,693 49 

59,963 26 

$1,650,889 93 



Expenditures. 

Cash paid for fire losses, $1,210,828 

Deduct salvage and reinsurance, . . . 116,107 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, . 

Risks and Premiums. 



34 
97 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, . 

Net amount in force, . 



$212,630,243 
192,034,366 



$1,094,720 37 

100,000 00 

278,364 42 

146,537 92 

52,316 09 

98,253 42 

$1,770,192 22 



Premiums. 

00 $2,329,869 72 
00 1,999,773 77 



$404,664,609 
152,401,502 



00 $4,329,643 49 
00 1,687,301 29 



$252,263,107 
24,088,489 



00 $2,642,342 20 
00 252,996 47 



$228,174,618 00 $2,389,345 73 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . 



$34,728,794 00 

19,914,331 00 

1,100,491 00 

2,829,500 00 

100,000 00 

183,700 00 



248 



HARTFORD FIRE INSURANCE CO. 



"HARTFORD FIRE INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated May, 1810. Commenced business August, 1810.] 

Paid-up Capital, $1,250,000. 

GEORGE L. CHA8E, President. P. C. ROYCE, Secretary. 



315 shares 


300 


tt 


200 


It 


166 


it 


100 


(i 


304 


11 


122 


M 


172 


(( 


556 


tl 


40 


it 


467 


M 


100 


it 


200 


tt 


150 


it 


100 


tt 


300 


tl 


200 


it 


334 


tt 


100 


tt 


39 


tt 


70 


It 


125 


(t 


100 


It 


24 


tt 


32 


tt 


109 


tt 


50 


n 


150 


tt 


m 


it 


710 


tt 


770 


it 


1,050 


it 


242 


tt 


1,000 


ti 


120 


it 


20 


■it 


500 


ti 


1,875 


it 


500 


tt 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

^tna National Bank, Hart, . . $31,500 00 $55,125 00 

American Nat'l Bank, Hart., . 15,000 00 21,600 00 

Charter Oak Nat'l Bank, Hart., . 20,000 00 20,000 00 

City Bank, Hart., .... 16,600 00 19,256 00 

Conn. River Banking Co., Hart., . 3,000 00 3,500 00 

Conn. Trust& Safe Dep'tCo.,Hart, 30,400 00 56,240 00 

Farm. & Mechan. N'l B'k, Hart., . 12,200 00 14,396 00 

First National Bank, Hart., . . 17,200 00 20,124 00 

Hartford National Bank, Hart., . 55,600 00 76,728 00 

National Exchange Bank, Hart., . 2,000 00 2,600 00 

Phoenix National Bank, Hart., . 46,700 00 58,375 00 

State Bank, Hart., .... 10,000 00 12,000 00 

Amer. Exchange N'l B'k, N. Y., . 20,000 00 37,000 00 

Bank of America, N. Y., . . 15,000 00 63,750 00 

Bank of North America, N. Y., . 10,000 00 20,500 00 

Imp. & Trad. Nat'l Bank, N. Y., . 30,000 00 160,500 00 

Manhattan Company B'k, N. Y., . 10,000 00 26,000 00 

Merchants' Nat'l Bank, N. Y., . 16,700 00 29,225 00 

Nat'l Bank of Commerce, N. Y., . 10,000 00 25,500 00 

Atlantic Nat'l Bank, Boston, . 3,900 00 4,914 00 

Blackstone Nat'l Bank, Boston, . 7,000 00 5,250 00 

Boylston National Bank, Boston, . 12,500 00 14,781 25 

First National Bank, Boston, . 10,000 00 19,000 00 

Hide & Leather Nat'l B'k, Boston, 2,400 00 2,790 00 

Nat'l Bank of Commerce, Boston, 3,200 00 3,680 00 

Second National Bank, Boston, . 10,900 00 19,184 00 

First National Bank, Albany, . 5,000 00 7,100 00 

Bank of Montreal, Montreal, . 30,000 00 75,000 00 

Ontario Bank, Bowmanville, . 4,333 33 5,633 33 

Chic, Burl. & Quincy R.R. Co., . 71,000 00 86,620 00 

Chic, Mil. & St. Paul R.R. Co., . 77,000 00 110,425 00 

Chic & Northwestern R.R. Co., . 105,000 00 169,875 00 

Chic, Rock Is. & Pac R.R. Co., . 24,200 00 25,894 00 

Conn.&PassumpsicRiv.R.R.Co., 100,000 00 105,000 00 

Connecticut River R.R. Co., . . 12,000 00 3,000 00 

Connecticut River R.R. Co., . . 2,000 00 5,600 00 

N. Y. Central & Hud. Riv. R.R. Co., 50,000 00 65,500 00 

N. Y., New Hav. & Hart. R.R. Co., 187,500 00 395,625 00 

Northwestern Telegraph Co., . 25,000 00 30,750 00 



HARTFORD FIRE INSURANCE CO. 



249 



200 shares Union Pacific R.R. Co., . 

500 " N. Y., Lack. & West. R.R. Co., 

30 " Union Pacific, .... 
Albany & Susquehanna R.R. bonds, 
Alabama State bonds, .... 
Brooklyn Wharf & Warehouse Co. bonds, 
Baltimore & Ohio R.R. bonds, . 
Belt R.R. & Stock Yards of Indianapolis bonds 
Canadian Pacific R.R. bonds, . 
Chesapeake & Ohio R.R. bonds, 
Chicago & Western Indiana R.R. bonds, . 
Chicago & Northwestern R.R. bonds, 
Chic, Burlington & Quincy R.R. bonds, . 
Chicago & Great Western R.R. bonds, 
Chic, Milwaukee & St. Paul bonds, . 
Chicago & Erie R.R. bonds, . , . 

Cincin., Ind'polis, St. Louis & Chic R.R. bonds 
Cincin., Hamilton & Dayton R.R. bonds, . 
City of Toronto debenture bonds, . 
Cleveland, Cin., Chic. & St. Louis R.R. bonds, 
Clev., Columbus, Cin. & Ind'polis R.R. bonds 
Connecticut River R.R. bonds, . 
Central R.R. of New Jersey bonds, . 
Dayton & Michigan R.R. bonds, 
Detroit, Grand Rapids & Western R.R. bonds, 
Easton & Amboy R.R. bonds, . 
Georgia State bonds, . . . 
Harlem River & Port Chester R.R. bonds, 
Hartford Street Railway Co. bonds, . 
Indianapolis & Vincennes R.R. bonds, 
Iowa Falls & Sioux City R.R. bonds, 
Jefferson R.R. bonds, .... 
Lehigh Valley R.R. bonds, 
Lehigh Valley R.R. of N. Y. bonds, . 
Minneapolis Union R.R. bonds, 
Montreal corporation bonds, 
Milwaukee, Lake Shore & West. R.R. bonds, 
Nashville & Decatur R.R. bonds, 
Northern Pacific R.R. bonds, . 
N. Y. Central & Hudson River R.R. bonds, 
New York & New England R.R. bonds, . 
N. Y., New Haven & Hart. R.R. certificates, 
Philadelphia & Reading R.R. bonds, 
Port Reading R.R. bonds, . 
Richmond, Va., city bonds, . . 
St. Paul & Northern Pacific R.R. bonds, . 
St. Louis & San Francisco R.R. bonds, 

St. Louis Southern R.R. bonds, 



Par Value. 

$20,000 00 

50,000 00 

3,000 00 

50,000 00 

10,000 00 

150,000 00 

50,000 00 

84,000 00 

48,666 00 

75,000 00 

412,000 00 

144,000 00 

61,600 00 

43,000 00 

100,000 00 

100,000 00 

119,000 00 

55,000 00 

39,906 66 

270,000 00 

8,000 00 

1,000 00 

250,000 00 

60,000 00 

41,000 00 

150,000 00 

25,000 00 

50,000 00 

100,000 00 

78,000 00 

100,000 00 

100,000 00 

250,000 00 

150,000 00 

50,000 00 

62,500 00 

50,000 00 

50,000 00 

80,000 00 

50,000 00 

50,000 00 

75,000 00 

75,000 00 

50,000 00 

52,500 00 

86,000 00 

100,000 00 

50,000 00 



Market Value. 

$8,900 00 

66,000 00 

2,160 00 

58,000 00 

11,000 00 

117,000 00 

49,750 00 

96,600 00 

56,452 56 

87,375 00 

489,080 00 

161,270 00 

68,868 00 

46,440 00 

127,000 00 

115,000 00 

128,520 00 

65,450 00 

40,704 79 

270,900 00 

10,960 00 

1,000 00 

300,000 00 

67,800 00 

38,540 00 

165,000 00 

26,500 00 

56,000 00 

105,000 00 

94,380 00 

135,000 00 

105,500 00 

285,500 00 

165,000 00 

66,000 00 

67,500 00 

60,250 00 

51,500 00 

82,000 00 

53,500 00 

59,125 00 

140,250 00 

90,750 00 

54,750 00 

54,600 00 

112,660 00 

111,500 00 

49,000 00 



250 



HARTFORD FIRE INSURANCE CO. 



Southern Pacific R.R. of California bonds, 

Terminal Railway Asso. of St. Louis bonds, 

Topeka, Kansas, bonds, . 

Union Pacific R.R. bonds, . 

Utah & Northern R.R. bonds, . 

United States of Mexico bonds, 

West Shore R.R. bonds, . 
150 shares Mercantile National Bank, Hart., 
225 " Metropolitan Natl Bank, N. Y., 



Par Value. 


Market Value. 


? 100,000 00 


$111,500 00 


75,000 00 


84,000 00 


6,000 00 


6,000 00 


50,000 00 


52,000 00 


50,000 00 


60,000 00 


109,013 33 


110,103 46 


100,000 00 


112,000 00 


_* 


— 


_* 


- 



15,734,019 32 $7,089,679 39 



Securities held as collateral for cash loans : — 

30 shares Chic. & Northwestern R.R. Co., 

64 " Billings & Spencer Co., . 

90 " Pennsylvania R.R. Co., . 

32 " Hart. Steam Boiler &Insp. Co., 

Brooklyn Wharf & Warehouse Co. bond, 

N. Y., New Haven & Hartford R.R. Co. bond, . 



Market Value. 

$5,910 00 

2,048 00 

5,850 00 >| 

2,400 00 J 

780 00 [ 

3,740 00 J 



Loaned Thereon. 

$3,800 00 
1,000 00 

10,000 00 



$20,728 00 $14,800 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens f) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross) , 

Rents, 

Reinsurance due on losses paid, 

Gross assets, 

Deduct special deposits in other States, . 



31, 1899. 

$811,000 00 

1,225,700 00 

32,354 00 

7,089,679 39 

14,800 00 

72,910 68 

531,716 74 

2,566 46 

1,278,824 35 

1,271 79 

21,203 02 



Balance, 



-$11,082,026 43 
. 526,206 45 

$10,555,819 98 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 



8251,329 11 

349,816 78 

54,438 01 



* No value claimed by company. 
t Value of property mortgaged, . 
Amount of insurance held as collateral, 



$3,165,450 00 
824,200 00 



HARTFORD FIRE INSURANCE CO. 



• 251 



Unearned premiums on outstanding risks, . $5,301,066 85 
Commissions and brokerage, .... 191,823 65 

Gross liabilities, except capital, . . $6,148,474 40 
Deduct liability on special deposits, . . 240,882 39 

Surplus as regards policy holders, 

Paid-up capital, 



$5,907,592 01 

$4,648,227 97 
1,250,000 00 



Surplus over capital, $3,398,227 97 



Income. 

Fire premiums outstanding Dec. 31, 1898 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from all other sources, 

Gross cash income, . 

Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employee 
for State and local taxes, 
for incidentals, . 

Gross cash expenditures, . 



$1,247,990 66 

8,098,504 10 

$9,346,494 76 

1,278,824 35 

$8,067,670 41 

1,778,565 27 



sources, 



$4,644,593 80 
555,023 10 



1,289,105 14 

69,101 11 

330,268 50 

12,748 60 

8,755 42 

1,709,978 77 



s, 



$4,089,570 70 
400,000 00 
1,038,933 63 
467,092 23 
200,789 60 
720,491 76 

$6,916,877 92 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$860,721,838 00 $9,790,876 73 
703,848,081 00 8,098,504 10 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$1,564,569,919 00 $17,889,380 83 
627,917,527 00 7,392,908 68 



$936,652,392 00 $10,496,472 15 
6,672,222 00 73,255 45 



$929,980,170 00 $10,423,216 70 



252 



HOME INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (32 per cent.),. 

Company's stock owned by directors, . • . 



$107,226,668 00 
63,598,435 00 
4,247,927 00 
9,538,100 00 
400,000 00 
179,700 00 



"HOME INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April, 1853. Commenced business April 13, 1853.] 
Paid-up Capital, $3,000,000. 

DANIEL A. HEALD, President. THOMAS B. GREENE, j SecretarU$m 

A. M. BURTIS, ' 



Detailed Statement of Stocks and Bonds. 

Par Value. 

District of Columbia bonds, .... $1,000,000 00 
United States bonds, . 



New York city bonds, 

West Chicago Park warrants, 

City of Richmond, Va., bonds, 

Topeka City, Kas., bonds, 

State of Georgia bonds, . 

New York, Chic. & St. Louis R.R. Co. bonds, 

New York & Harlem R.R. bonds, . 

Ohio & West Virginia R'y Co. bonds, 

Cleve., Col., Cin. & Indianapolis R.R. bonds, 

Louisville, New Albany & Chic. R'y bonds, 

West Shore Railway bonds, 

Dunkirk, Warren & Pitts. R.R. Co. bonds, 

Jeffersonville, Madison & Ind. R.R. Co. bonds, 

Chic, St. Paul, Minn. & Omaha R'y Co. bonds, 

Virginia Midland Railway Co. bonds, 

Cleve., Ter. & Valley R.R. Co. bonds, . 

Louisville, Hend. & St. Louis R'y Co. bonds, 

Standard Gaslight Company bonds, . 

Des Moines Water Works Co. bonds, 

Denver Union Water Co. bonds, 

7,500 shares Penn. R.R. Co., 

5,000 " Morris & Essex R.R. Co., . 

2,650 " United N. J. R.R. & Canal Co., 

2,500 " Pitts., Ft. Wayne & Chic. R'y Co. 

5,000 " Chic, Mil. & St. Paul R'y Co., 

2,500 " Chic, Burl. & Quincy R.R. Co., 

2,000 " Baltimore & Ohio R.R. Co., . 

1,500 " Cleveland & Pitts. R.R. Co., 



600,000 00 

600,000 00 

54,100 00 

50,000 00 

12,792 49 

25,000 00 

112,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

72,000 00 

50,000 00 

50,000 00 

50,000 00 

25,000 00 

50,000 00 

50,000 00 

48,000 00 

375,000 00 

250,000 00 

265,000 00 

250,000 00 

500,000 00 

250,000 00 

200,000 00 

75,000 00 



Market Value. 

$1,190,000 00 

742,500 00 

603,000 00 

54,100 00 

57,500 00 

12,792 49 

26,000 00 

116,480 00 

101,500 00 

115,000 00 

138,500 00 

115,000 00 

110,500 00 

101,500 00 

82,080 00 

67,000 00 

57,500 00 

47,000 00 

24,250 00 

57,500 00 

50,000 00 

43,200 00 

489,375 00 

455,000 00 

728,750 00 

460,000 00 

723,750 00 

304,375 00 

151,500 00 

141,000 00 



HOME INSURANCE CO. 



253 



1,000 shares Chic, St. P., Minn. & Om. R'y Co., 

1,000 " Ft. Wayne & Jackson R.R. Co., 

1,000 " Rensselaer & Saratoga R.R., 

1,000 " Connecticut River R.R. Co., . 

1,000 " Chic. & Northwestern R'y Co., 

1,000 " Northern R.R. of New Jersey, 

1,000 " Valley R.R. Co., . 

500 " N. Y., N. H. & Hartford R.R. Co., 

428 " N. Y. & Harlem R.R. Co., . 

763 " Standard Gas Light Co., 

400 " National Broadway Bank, . 

200 " American Exc. Nat'l B'k of N. Y. 

200 " Mercantile Nat'l B'k of N. Y., 

200 " Nat'l B'k of Commerce in N. Y., 

200 " Manhattan Company, N. Y., 

200 " Merchants' Exc. N'l B'k of N. Y. 

200 " Nassau Bank, 

200 " Chatham Nat'l Bank of N. Y., 

200 " N'l Butchers' & D. B'k of N. Y., 

200 " Fourth Nat'l Bank of N. Y., 

100 " Bank of America, N. Y., 

100 " Nat'l B'k of the Republ. of N. Y. 

200 " Franklin Trust Co., Brooklyn, 

50 " Metropolitan Trust Co., 

100 " Long Island Loan & Trust Co., 



Tar Value. 

$100,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

50,000 00 

21,400 00 

76,300 00 

10,000 00 

20,000 00 

20,000 00 

20,000 00 

10,000 00 

10,000 00 

10,000 00 

5,000 00 

5,000 00 

20,000 00 

10,000 00 

10,000 00 

20,000 00 

5,000 00 

10,000 00 



Securities held as collateral for cash loans : — 



Des Moines & Ft. Dodge R.R. bonds, 
460 shares N'l B'k of North America, 
358 " Ga. R.R. and Banking Co., ' . 
Dakota & Great Southern R'y Co. bonds, 
50 shares Nat'l Bank of Commerce, . 
5 " Continental National Bank, 
Indiana, Decatur & Western R.R. bonds, . 
Northern Pacific Railway Co. bonds, 
Western N. Y. & Penn. R.R. bonds, . 
Cleve., Cin., Chic. & St. Louis R.R. bonds, 
87 shares Western Union Telegraph Co., 
Indiana, Illinois & Iowa R.R. bonds, 
St. Louis & San Francisco R.R. bonds, 
Burl., Cedar Rapids & Northern R.R. bonds, 
St. Louis & San Francisco R.R. Co. bonds, 
75 shares The Rio Grande Western R'y Co., 
50 " The Union Bag & Paper Co., . 
700 " Nat'l B'k of the Republic, N. Y., 



Market Value. 

U75,000 00 

140,000 00 

193,000 00 

271,000 00 

200,000 00 

96,000 00 

130,000 00 

105,500 00 

84,530 00 

86,300 00 

24,000 00 

37,000 00 

38,400 00 

50,000 00 

25,500 00 

11,600 00 

15,500 00 

15,000 00 

4,500 00 

34,000 00 

42,500 00 

20,000 00 

61,000 00 

21,250 00 

25,000 00 



1,646,592 49 $9,273,232 49 



Market Value. 

$45,650 00 

92,000 00 

71,600 00 

2,320 00 

12,500 00 

640 00 

2,080 00 

3,012 50 

2,230 00 

1,900 00 

7,395 00 

6,360 00 

1,995 00 

2,300 00 

4,637 50 

6,075 00 

3,625 00 

140,000 00 



Loaned Thereon. 

$25,000 00 

37,800 00 

35,000 00 

1,250 00 

5,500 00 

575 00 

] 

} 6,500 00 

) 



6,000 00 

6,500 00 

10,000 00 

100,000 00 

$406,320 00 $234,125 00 



254 



HOME INSURANCE CO. 



Summary of Assets Dec. 31, 1899.* 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens f), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for fire, marine and inland risks, 
Prem's more than three mos. due, $14,058 80 

Gross assets, 

Deduct special deposits in other States, . 



$1,753,973 36 

194,250 00 

3,794 50 

9,273,232 49 

234,125 00 

650,877 87 

45,819 89 

1,014,330 73 

1,849 80 



Balance, 



-$13,172,253 64 
143,000 00 

$13,029,253 64 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid up capital, 



$85,358 14 

832,881 26 

38,557 71 

$956,797 11 
422,389 79 

$534,407 32 

4,591,472 00 

49,772 44 

211,206 78 

75 68 

$5,386,934 22 
126,482 80 



Surplus over capital, . 



- 5,260,451 42 

. $7,768,802 22 
. 3,000,000 00 

. $4,768,802 22 



* The company holds also instalment preminm notes to the amount of $795,250.49, which 
do not enter Into or form any part of the assets of the company, as no portion of them is earned. 
Whatever value is attached to them would necessarily he counterbalanced hy the addition of 
an amount exactly equal to the reinsurance liability, the entire sum consisting of •' unearned 
premiums." 



f Value of lands mortgaged, . . . 
Value of buildings thereon, . . . 
Amount of insurance held as collateral, 



$287,300 00 
214,200 00 
149,200 00 



HOME INSURANCE CO. 



255 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1898, 

Premiums on risks written or renewed, . 

jl otai, •■■•••• 
Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



Expenditures, 
Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for expense on real estate, 

for incidentals, 

Gross cash expenditures, . 

Risks and Premiums. 



$776,572 95 
6,269,027 47 

$7,045,600 42 
937,557 07 

$6,108,043 35 
1,910,294 61 

$76,319 89 
463,113 48 

$539,433 37 
90,832 46 

$448,600 91 
207,870 22 



sources, 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$936,782,634 00 
734,860,822 00 

$1,671,643,456 00 
661,395,352 00 

$1,010,248,104 00 
114,597,359 00 



^,197,748 74 



3,271,312 74 
850,377 63 

$343,731 94 
144,260 16 



240,730 69 

15,582 96 

371,105 24 

161,640 84 

$4,986,808 47 



$2,420,935 11 



199,471 78 
300,000 00 
822,112 17 
409,789 04 
136,391 54 
53,131 36 
59,193 66 
333,466 22 

$4,734,490 88 

Premiums. 

$8,669,574 00 
6,269,027 47 

$14,938,601 47 
5,840,944 47 

$9,097,657 00 
531,997 00 



$895,650,745 00 $8,565,660 00 



256 



HOME MUTUAL INSURANCE CO. 



Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$13,368,428 00 
88,384,029 00 

$101,752,457 00 
83,251,111 00 

$18,501,346 00 
6,044,537 00 



Premiums. 

$280,430 00 
463,113 48 

$743,543 48 
300,538 48 

$443,005 00 
144,286 00 



812,456,809 00 $298,719 00 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . 



$128,972,813 00 
76,634,172 00 
2,610,419 00 
165,188 00 
10,915,000 00 
300,000 00 
162,900 00 



" HOME MUTUAL INSURANCE COMPANY," SAX FRANCISCO, CAL. 

[Incorporated September, 1864. Commenced business 1864.] 

Paid-up Capital, $300,000. 

WM. J. DUTTON, President. STEPHEN D. IVE3, Secretary. 



Detailed Statement of Stocks 



Dallas City (Oregon) Water Co. bonds, . 
Market Street Cable Railway bonds, 
Oakland Gas Light & Heat Co. bonds, 
Stockton Gas & Electric Co. bonds, . 
Omnibus Cable Co. bonds, 
San Francisco & North. Pacific R.R. bonds, 
Spring Valley Water Co. bonds. 
Sunset Telephone & Telegraph Co. bonds, 
S. F. & San. Joaquin Valley R.R. bonds, . 

50 shares Farm. & Merch. Savings Bank, 

14 ' 
200 ' 

20 ' 
490 " 
270 ' 



' Bank of California, . 

Oakland Gas Light & Heat Co., 
1 First Natl Bank, San Francisco, 
' San Francisco Gas & Electric Co., 
1 Market Street Railway Co., . 
1 share South San Francisco Dock Co., 
100 shares San Jose Water Co., 
50 " Spring Valley Water Co., 
59 " California Street Cable R'y Co., 



and Bonds. 

Par Value. 

$10,000 00 

50,000 00 

9,000 00 

5,000 00 

10,000 00 

10,000 00 

5,000 00 

10,000 00 

15,000 00 

5,000 00 

1,400 00 

14,000 00 

2,000 00 

49,000 00 

13,500 00 

1,000 00 

10,000 00 

5,000 00 

3,540 00 



Market Value. 

$11,100 00 

51,260 00 

9,720 00 

5,150 00 

12,625 00 

11,500 00 

5,675 00 

12,000 00 

17,250 00 

5,750 00 

5,600 00 

8,600 00 

5,000 00 

24,990 00 

16,200 00 

500 00 

10,000 00 

4,625 00 

7,080 00 



HOME MUTUAL INSURANCE CO. 



257 



34 shares Anglo California Bank, . 
100 " Presidio & Ferries R.R. Co., 
Presidio & Ferries R.R. bonds, 
Northern R'y Co. of California bonds, 



Securities held as collateral for cash loans : — 
600 shares Sutter Street R.R. Co., . 



Par Value. 

$1,700 00 

5,500 00 

11,000 00 

10,000 00 



Market Value. 

$2,210 00 

2,250 00 

11,110 00 

11,500 00 



$256,640 00 $251,695 00 



Market Value. 

$60,000 00 



Loaned Thereon. 

$33,000 00 



Summary op Assets Dec. 31, 1899. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, . 



Balance, $914,459 34 



$228,250 00 

280,686 62 

2,177 25 

251,695 00 

33,000 00 

1,029 69 

78,965 83 

137 50 

89,617 45 



$965,559 34 
51,100 00 



Liabilities. 

Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, . 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



$2,219 86 

11,873 37 

450 00 

$14,543 23 
21 52 

$14,521 71 

324,713 09 

12,449 93 

1,297 46 

1,410 14 

$354,392 33 
19,360 00 



335,032 33 

$579,427 01 
300,000 00 

$279,427 01 



* Value of lands mortgaged, . . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$573,425 00 
180,000 00 
114,450 00 



258 



HOME MUTUAL INSURANCE CO. 



Income. 
Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1898, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Income from all other sources, 



Gross cash income, 



Expenditures. 
Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for incidentals, . . . 



$63,092 41 
484,306 21 

$547,398 62 
72,773 54 

$474,625 08 
116,829 80 

|15,308 70 
70,948 31 

$86,257 01 
16,843 91 

$69,413 10 
13,123 75 



sources, 



$232,793 80 
17,810 82 

$39,632 87 
1,678 92 



Gross cash expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$44,469,808 00 
38,964,749 00 

$83,434,557 00 
34,331,370 00 

$49,103,187 00 
4,015,548 00 



$357,795 28 



56,289 35 

23,845 67 

13,190 18 

9,545 90 

768 32 

$461,434 70 



$214,982 98 



37,953 95 
36,000 00 
67,462 08 
61,902 08 
12,659 74 
32,052 91 

$463,013 74 

Premiums. 

$584,798 04 
484,306 21 

$1,069,104 25 
433,262 55 

$635,841 70 
58,238 71 



$45,087,639 00 $577,602 99 



INDEMNITY FIRE INSURANCE CO. 



259 



Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. $656,218 00 

. 4,413,207 00 

. $5,069,425 00 

. 4,326,503 00 

. $742,922 00 

94,928 00 



Premium-. 

$37,456 25 
70,948 31 

$108,404 56 
64,529 01 

$43,875 55 
4,698 24 



$647,994 00 $39,177 31 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), . 
Company's stock owned by directors, .... 



$10,537,093 00 

4,878,379 00 

215,644 00 

36,079 00 

1,020,500 00 

36,000 00 

1,400 00 



"INDEMNITY FIRE INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated 1897. Commenced business Oct. 1, 1808.] 
Paid-up Capital, $200,000. 

J. MONTGOMERY HARE, President. J * H " BURGER » j Secretaries. 

H. B. ANTHONY, 1 

Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, $200,000 00 

New York city loan, 25,000 00 

Norfolk & Western R.R. bonds, . . . 10,000 00 

Southwestern R.R. Co. of Georgia stock, . 20,000 00 

Twin City Rapid Transit stock, . . . 20,000 00 



Market Value. 

$220,000 00 

25,125 00 

8,950 00 

22,200 00 

27,400 00 



Summary of Assets Dec 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross) 
Reinsurance due on losses paid, 
Prem's more than three mos. due, $1,126 58 
Gross assets, 



$275,000 00 $303,675 00 

31, 1899. 

$303,675 00 

340 03 

24,339 38 

2,075 00 

14,066 81 

84 59 

$344,580 81 



260 



INDEMNITY FIRE INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, . 



$2,593 13 

4,002 22 

50 00 

$6,645 35 

538 42 



$6,106 93 




50,506 37 




457 96 




755 69 




3,118 91 




1,767 26 






$62,713 12 



1281,867 69 
200,000 00 

$81,867 69 



Income. 

Fire premiums outstanding Dec. 31, 1898, . $12,464 18 

Premiums on risks written or renewed, . . 127,901 78 

Total, $140,365 96 

Premiums now in course of collection, . . 15,193 39 

Entire premiums collected, .... $125,172 57 

Less reinsurance and return premiums, . , 38,996 85 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 



$86,175 72 
8,633 12 



Gross cash income, $94,808 84 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, . 

Gross cash expenditures, .... 



$44,190 30 
6,837 97 



$37,352 33 

17,323 86 

8,689 34 

1,077 83 

13,009 63 

$77,452 99 



THE INSURANCE CO. OF NORTH AMERICA. 



261 



Risks and Premiums. 



Fire risks outstanding Dec. 81, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



$2,274,722 00 
12,892,676 00 



Premiums. 

$22,178 21 
127,901 78 



.115,167,398 00 $150,079 99 
. 4,725,598 00 43,768 99 



.$10,441,800 00 $106,311 00 
. 1,371,484 00 16,433 36 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$9,070,316 00 $89,877 64 



$94,949 00 

37,352 00 

40,960 00 

3,500 00 



"PRESIDENT AND DIRECTORS OF THE INSURANCE COMPANY 
OF NORTH AMERICA," PHILADELPHIA, PA. 

[Incorporated April 14, 1794. Commenced business 1792] 

Paid-up Capital, $3,000,000. 

CHARLES PLATT, President. GREVILLE E. FRYER, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value # 

United States government bonds, . . . $125,000 00 $141,500 00 

Territory of New Mexico bonds, . . . 2,000 00 2,400 00 

Georgia State loan, 25,000 00 28,500 00 

Grant County, New Mexico bonds, . . . 8,000 00 8,000 00 

Boston city loan, 112,000 00 123,200 00 

Baltimore city loan, 200,000 00 204,000 00 

Toledo city loan, 1,000 00 1,050 00 

City of Raton, New Mexico, bonds, ... 200 00 200 00 

City of Columbus, Ohio, bonds, . . . 25,000 00 25,750 00 

Cincinnati city loan, 20,000 00 21,400 00 

City of Portland, Ore., bonds, .... 50,000 00 59,000 00 

Providence city loan, 25,000 00 25,0C0 00 

Richmond, Va., city bonds, .... 53,000 00 56,180 00 

City of Montreal bonds 111,000 00 122,100 00 

City of Chicago bonds, 13,000 00 13,000 00 

County of Colfax, New Mexico, bonds, . . 100 00 100 00 

Belgian government bonds, .... 49,000 00 49,000 

Brooklyn Wharf & Warehouse Co. bonds, . 30,000 00 23,100 00 

Pennsylvania R.R. Co. bonds, .... 430,000 00 534,100 00 

Philadelphia & Reading R.R. Co. bonds, . . 250,000 00 302,500 00 



262 



THE INSURANCE CO. OF NORTH AMERICA, 



North Pennsylvania R.R. bonds, 
Belvidere & Delaware R.R. Co. bonds, . 
Penn. & New York Canal & R.R. Co. bonds, 
Lehigh Coal & Navigation Co. bonds, 
Philadelphia & Erie R.R. bonds, 
Chicago & Western Indiana R.R. bonds, . 
Northern Central R'y Co. bonds, 
Pitts., McKeesport & Youg. R.R. bonds, . 
The Belt R.R. & Stockyard Co. bonds, . 
Bergen County R.R. Co. bonds, 
Car Trust of New York bonds, 
Atlantic Mutual Insurance scrip, 
Philadelphia & Baltimore Central R.R. bonds 
Delaware & Chesapeake R.R. bonds, 
New York, Lake Erie & Western R.R. bonds, 
Steubenville & Indiana R.R. bonds, . 
Texas & Pacific R'y Co. bonds, 
Louisville & Nashville R.R. bonds, . 
Lehigh Coal & Navigation Co. bonds, 
West Shore R.R. bonds, .... 
San Antonio & Aransas Pass. R'y Co. bonds, 
Jefferson R.R. bonds, .... 
McKeesport & Belle Vernon R.R. bonds, 
Penn. & New York Canal & R.R. Co. bonds, 
Lehigh Valley R'y Co. bonds, . 
Elizabeth R.R. of Austria bonds, 
Lehigh Valley R.R. Co. bonds, . 
Philadelphia & Reading R.R. bonds, 
Baltimore Belt Line R.R. bonds, 

Tioga R.R. bonds, 

Lehigh Valley Terminal Co. bonds, 
Cincinnati, Hamilton & Dayton R.R. bonds, 
Camden & Atlantic R.R. bonds, 
Baltimore & Potomac R.R. bonds, . 
Cleveland, Lorain & Wheeling R'y bonds, 
Northern Central Railway bonds, 
Prospect Brewing Co., Philadelphia, bonds, 
Reading Co & Phila. & Reading C. & I. Co. b'ds 
Terminal R.R. Association of St. Louis bonds, 
Lehigh Coal & Navigation Co. bonds, 
Delaware River R.R. & Bridge Co. bonds, 
Chicago & Erie R.R. bonds, 
Philadelphia & Reading Railway bonds, . 
Delaware County refunding bonds, . 
Wilmington & Welden R.R. bonds, . 
Chicago, St. Louis & New Orleans R.R. bonds 
Chicago, Rock Island & Pacific R'y bonds, 
West Jersey & Sea Shore R.R. bonds, 



Par Value. 

$80,000 00 

50,000 00 

25,000 00 

5,000 00 

150,000 00 

42,000 00 

11,000 00 

50,000 00 

50,000 00 

50,000 00 

12,000 00 

40,920 00 

100,000 00 

100,000 00 

200,000 00 

200,000 00 

19,000 00 

59,000 00 

50,000 00 

25,000 00 

21,000 00 

39,000 00 

20,000 00 

50,000 00 

50,000 00 

40,000 00 

50,000 00 

150,000 00 

30,000 00 

5,000 00 

40,000 00 

50,000 00 

50,000 00 

5,000 00 

50,000 00 

10,000 00 

25,000 00 

25,000 00 

40,000 00 

50,000 00 

50,000 00 

50,000 00 

50,000 00 

50,000 00 

50,000 00 

50,000 00 

100,000 00 

50,000 00 



Market Value. 

f88,400 00 

53,500 00 

29,250 00 

6,350 00 

178,500 00 

44,100 00 

11,990 00 

60,000 00 

57,500 00 

52,500 00 

12,240 00 

40,920 00 

100,000 00 

101,000 00 

220,000 00 

210,000 00 

19,570 00 

67,260 00 

52,000 00 

27,750 00 

16,800 00 

40,950 00 

24,600 00 

45,000 00 

55,000 00 

40,000 00 

50,000 00 

156,000 00 

30,000 00 

5,250 00 

44,800 00 

54,500 00 

55,000 00 

6,150 00 

54,000 00 

10,100 00 

25,000 00 

20,750 00 

43,600 00 

51,000 00 

52,500 00 

57,000 00 

51,500 00 

50,000 00 

52,000 00 

48,000 00 

105,000 00 

59,000 00 



THE INSURANCE CO. OF NORTH AMERICA. 



263 



Pennsylvania R.R. bonds, .... 

Union Pacific R.R. bonds, .... 

Northern Pacific R.R. bonds, . 

60 shares Lincoln Gas Co., Lincoln, Neb., 
100 " Philadelphia National Bank, 
70 " Philadelphia Bourse, . 
228 " Chesa. & Delaware Canal Co., 
500 " North American Wrecking Co., 
318 " North Pennsylvania R.R. Co., 
100 " Delaware & Bound Brook R.R., 
500 " Philadelphia Traction Co., . 

1,500 " Company's own stock, $36,000 00 



Par Value. 

$50,000 00 
30,000 00 
50,000 00 

6,000 00 
10,000 00 

2,750 00 
11,400 00 
50,000 00 
15,900 00 
10,000 00 
25,000 00 



Market Value. 

$55,000 00 

30,600 00 

50,000 00 

3,000 00 

21,000 00 

950 00 

200 00 

29,000 00 

33,072 00 

19,000 00 

47,500 00 



$4,359,270 00 $4,765,732 00 



Securities held as collateral for cash loans : — 

New Jersey Consolidated Traction Co. bonds, . 
City of Philadelphia bonds, .... 
Lehigh Valley R.R. Co. bonds, .... 
Girard Life Ins. Annuity & Trust Co. stock, . 



Market Value. Loaned Thereon. 

$10,750 00 $7,500 00 

5,390 00 t ? 000 00 
2,540 00 S 

25,500 00 20,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash deposited in bank, .... 
Premiums in course of collection (gross) , 
Notes taken for fire, marine and inland risks, 
Reinsurance due on losses paid, 

Gross assets, 

Deduct special deposits in other States, . 



Balance, $8,977,414 91 



$ 14,180 00 $34,500 00 

31, 1899. 

$825,477 03 

1,855,929 20 

25,234 90 

4,765,732 00 

34,500 00 

771,860 05 

919,317 44 

49,069 83 

6,474 46 

$9,253,594 91 

276,180 00 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



$120,065 48 

584,821 27 

27,937 50 

$732,824 25 
157,437 90 

$575,386 35 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$2,141,401 00 
2,279,299 00 
1,618,695 00 



264 



THE INSURANCE CO. OF NORTH AMERICA. 



Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 
All other, 



Gross liabilities, except capital, 
Deduct liability on special deposits, . 



Surplus as regards policy holders, 
Paid-up capital, 



. $3,266,286 46 

772,172 69 

38,107 57 

25,910 12 

8,297 84 

335 13 

. $4,686,496 16 

146,409 50 



- $4,540,086 66 

. $4,437,328 25 
. 3,000,000 00 



Surplus over capital, . 



. $1,437,328 25 



Income. 
Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1898, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Profit on sale of securities, 

Income from all other sources, 

Deposits received for perpetual fire risks, 



§466,535 48 

4,741,866 94 

$5,208,402 42 
629,709 01 

$4,578,693 41 
975,119 19 

$581,293 59 
2,001,273 19 

§2,582,566 78 
338,678 26 

$2,243,888 52 
439,851 27 



sources, 



$3,603,574 22 



1,804,037 25 

138,253 71 

242,936 68 

19,972 88 

79,916 85 

7,921 94 



$17,410 52 



Gross cash income, $5,896,613 53 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 



$2,681,808 19 
208,440 00 



$2,473,368 19 



THE INSURANCE CO. OF NORTH AMERICA. 



2(35 



Cash paid for marine and inland losses, . . $2,607,786 33 
Deduct salvage and reinsurance, . . . 684,778 92 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for incidentals, 

for expense on real estate, 
Deposits returned on perpetual fire risks, . $23,823 95 



81,923,007 41 

360,000 00 

1,028,387 00 

328,699 29 

171,654 35 

18,946 98 

236,406 81 

12,367 46 



Gross cash expenditures, . 



1,552,837 49 



:,157 ,630,739 00 $10,738,187 29 
519,578,392 00 4,522,401 97 



$638,052,347 00 $6,215,785 32 
27,211,395 00 259,492 15 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1898, . $626,589,402 00 $5,996,320 35 
Fire risks written during 1899, . . 531,041,337 00 4,741,866 94 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, .... 

Perpetual risks in force (not incl'd above), 

Marine risks outstanding Dec. 31, 1898, . 
Marine risks written during 1899, . 

Total, . 

Deduct risks expired and terminated, 

In force at end of year, .... 



$610,840,952 00 $5,956,293 17 

$33,641,662 00 $848,860 53 

$5,336,798 00 $254,621 13 

392,422,764 00 2,001,273 19 



$397,759,562 00 $2,255,894 32 
392,811,637 00 2,031,678 99 



$4,947,925 00 $224,215 33 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, .... 



$142,932,845 00 

100,277,156 00 

2,524,642 00 

1,782,107 00 

14,533,934 00 

360,000 00 

102,110 00 



266 



INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 



"INSURANCE COMPANY OF THE STATE OF PENNSYLVANIA," 

PHILADELPHIA, PA. 

[Incorporated April 18, 1794. Commenced business Nov. 5, 1794.] 

Paid-up Capital, $200,000. 

GEO. Q. CROWELL, President. A. B. EARLE, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

80 shares United Companies of New Jersey, . £8,000 00 $22,000 00 

20 " Philadelphia National Bank, . . 2,000 00 4,240 00 

Harrisburg, Portsmouth & lit Joy R.R. bonds, 15,000 00 16,050 00 

Chicago & W. Indiana R.R. bonds, . . . 5,000 00 5,250 00 

Shamokin, Sunbury & L. R.R. bonds, . . 10,000 00 10,500 00 

Steubenville & Indiana R.R. bonds, . . . 30,000 00 33,900 00 

Long Dock Co. bonds, 10,000 00 13,000 00 

Pittsburg Junction R.R. Co. bonds, . . . 10,000 00 11,800 00 

St. Paul & Northern Pacific R.R. bonds, . . 10,000 00 12,000 00 

Sunbury, H. & Wilkesbarre R.R. bonds, . . 4,000 00 4,240 00 

Northern Central R.R. bonds, .... 10,000 00 11,075 00 

Wabash R.R. Co. bonds, 14,000 00 13,860 00 

Syracuse, Geneva & Cor. R.R. bonds, . . 3,000 00 3,240 00 

City of Quincy bonds, 10,000 00 10,600 00 



£141,000 00 $171,755 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank and with managers, 
Premiums in course of collection (gross), 
Notes taken for fire risks, .... 

Rents due and accrued 

Reinsurance due on losses paid, 

Gross assets, ..... 



31, 1899. 

$349,019 37 

41,300 00 

981 33 

171,755 00 

6,364 08 

79,006 66 

39,411 76 

1,963 25 

3,070 97 

6,721 72 



£699,594 14 



Liabilities. 

Losses adjusted, unpaid, $368 69 

Losses claimed and reported, .... 33,601 31 

Unearned premiums on outstanding risks, . 149,973 70 



* Value of property mortgaged, 
Amount of insurance held as collateral, 



$77,500 00 
34,800 00 



INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 



267 



Reclaimable on perpetual fire policies, 
Due for borrowed money, 
Commissions and brokerage, . 

Reinsurance, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



Income 

Fire premiums outstanding Dec. 31, 1898 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from all other sources, 

Income from borrowed money, 

Deposits received for perpetual fire risks, 



$216,345 02 

45,000 00 

5,911 76 

6,434 09 



$49,102 40 
9,690 64 

$39,411 76 
357,145 52 

$396,557 28 
39,411 76 

$357,145 52 
82,577 37 



sources, 



$20,000 00 
9,828 90 



$457,634 57 

$241,959 57 
200,000 00 

$41,959 57 



$274,568 15 

2,464 40 

10,246 34 

20,364 00 

3,109 09 



Gross cash income, . . . . . . $310,751 98 



Expenditures. 

Cash paid for fire losses, $219,530 38 

Deduct salvage and reinsurance, . . . 30,403 84 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for expense on real estate, 

for incidentals, 

Deposits returned on perpetual fire risks, . . $7,588 09 



$189,126 54 
12,000 00 
60,815 42 
16,945 00 
11,422 22 
7,000 00 
8,164 79 
42,176 57 



Gross cash expenditures, 



$347,650 54 



268 



INTERNATIONAL INSURANCE CO. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$32,088,112 00 $372,302 45 
31,876,753 00 357,145 52 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, .... 

Perpetual risks in force (not incl'd above), 



$63,964,865 00 $729,447 97 
28,652,631 00 321,764 39 



$35,312,234 00 $407,683 58 
8,886,775 00 94,972 01 



$26,425,459 00 $312,711 57 
$7,253,398 00 $240,383 35 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



822,147,310 00 

17,305,295 00 

201,421 00 

4,315,406 00 

12,000 00 

25,800 00 



"INTERNATIONAL INSURANCE COMPANY," NEW YORK, N Y 

[Incorporated February, 1898. Commenced business February, 1898.] 

Paid-up Capital, $200,000. 

HUGO SCHUMANN, President. GUSTAV KEHR, Secretary. 



Detailed Statement of Stocks 



United States bonds, 

Chesapeake & Ohio R'y Co. bonds, . 
Chic, Rock Island & Pacific R'y bonds, . 
Metropolitan Street R'y bonds, 
Consolidated stock of city of N. Y. bonds, 
Wabash R.R. Co. bonds, .... 
200 shares Pennsylvania R.R. Co., . 
150 " Pullman's Palace Car Co., 



and Bonds. 

Par Value. 

$ 110,000 00 
10,000 00 
15,000 00 
10,000 00 
85,000 00 
10,000 00 
10,000 00 
15,000 00 



Market Value. 

$125,400 00 
11,500 00 
15,825 00 
11,800 00 
90,737 50 
11,400 00 
13,000 00 
28,050 00 



?265,000 00 $307,712 50 



Summary of Assets Dec. 31, 1899. 

Stocks and bonds, as per schedule, . . . $307,712 50 
Cash in the office of the company, . . . 436 93 



INTERNATIONAL INSURANCE CO. 



269 



Cash deposited in bank, .... 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Gross assets, 



$16,115 90 

1,100 00 
10,889 84 



$336,255 17 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$20,290 95 

10,430 90 

2,000 00 

$32,721 85 
12,157 62 

$20,564 23 

52,866 07 

2,500 30 

2,880 25 

7 75 



78,818 60 

f257,436 57 
200,000 00 



Surplus over capital, $57,436 57 



Income. 

Fire premiums outstanding Dec. 31, 1898, . $15,186 64 

Premiums on risks written or renewed, . . 160,948 74 

Total $176,135 38 

Premiums now in course of collection, . . 10,889 84 

Entire premiums collected, .... $165,245 54 

Less reinsurance and return premiums, . . 78,411 13 

Net cash fire premiums received, . . . ■ 

Interest and dividends received from all sources, . 



,834 41 
10,915 96 



Gross cash income, $97,750 37 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



$85,762 60 
29,196 70 



$56,565 90 

19,935 99 

15,011 09 

3,821 37 

2,224 86 



Gross cash expenditures, 



$97,559 21 



270 



KINGS COUNTY FIRE INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. $14,754,334 00 
. 22,478,589 00 



.$ 37,232,923 00 
. 18,765,024 00 

.$18,467,899 00 
. 3,512,450 00 



Premiums. 

$125,973 37 
160,948 74 

$286,922 11 
150,371 67 

$136,550 44 
39,369 77 



.$14,955,449 00 $97,180 67 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$203,868 00 
79,044 00 
65,889 00 
37,200 00 



"KINGS COUNTY FIRE INSURANCE COMPANY," NEW YORK, 

N. Y. 

[Incorporated Oct. 21, 1858. Commenced business Oct. 21, 1858.] 

Paid-up Capital, $200,000. 

FRANK LOCK, President. E. 8. TERHUNE, Secret*^. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

West Shore R.R. bonds, $10,000 00 $11,200 00 

N. Y. Cent. & Hudson River R.R. bonds, . . 10,000 00 9,650 00 

N. Y. Cent. & Hudson River R.R. stock, . . 50,000 00 65,500 00 

Consolidated Gas Co. stock, .... 50,000 00 95,750 00 

Brooklyn Union Gas Co. stock, . . . 10,000 00 14,025 00 

Christopher & Tenth Sts. Ferry R.R. Co. stock, 3,000 00 5,040 00 

Union Ferry Co. stock, 10,000 00 4,000 00 

Brooklyn Ferry Co. stock, .... 10,000 00 3,000 00 

Union Pacific R.R. Co. stock, .... 10,000 00 7,500 00 

Tenth and Twenty-third Sts. Ferry Co. stock, 10,000 00 9,000 00 

Great Northern R.R. Co. stock, . . . 10,000 00 17,300 00 

Pennsylvania R.R. Co. stock, .... 15,000 00 19,575 00 

$198,000 00 $261,540 00 

Summary of Assets Dec. 31, 1899. 
Cash value of unencumbered real estate, . $65,000 00 
Loans on mortgage of real estate (first liens *), 10,100 00 
Interest accrued thereon, 85 17 



* Value of lands mortgaged, . . . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$11,700 00 
13,400 00 
12,000 00 



KINGS COUNTY FIRE INSURANCE CO. 



271 



Stocks and bonds, as per schedule, . 

Cash in the office of the company, . 

Cash deposited in bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross) 

Rents due and accrued, 

Gross assets, .... 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



Income 

Fire premiums outstanding Dec. 81, 1898 
Same not collected, .... 



Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 
Profit on sale of assets, 



Gross cash income, 



other 



$261,540 00 

600 35 

5,614 88 

345 84 

18,446 66 

536 66 



$894 70 
9,015 59 

$9,910 29 
1,023 50 

$8,886 79 

34,030 68 

2,669 00 

4,509 33 

1,762 28 



$3,769 77 
1,05$ 16 

$2,713 61 
74,804 79 

$77,518 40 
18,446 66 

$59,071 74 
15,806 63 



sources, 



$362,269 56 



51,858 08 

$310,411 48 
200,000 00 

$110,411 48 



$43,265 11 

511 00 

9,452 11 

3,735 77 

9,126 86 

$66,090 85 



Expenditures. 

Cash paid for fire losses, . , . . . , 
Deduct salvage and reinsurance, . . , 
Net cash paid for fire losses, , 

Cash dividends paid, .... 



$31,341 29 
3,244 90 



$28,096 39 
10,000 00 



272 



LAFAYETTE FIRE INSURANCE CO. 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for repairs on real estate, 
for rent and incidentals, . 

Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, . 

Total, 

Deduct risks expired and terminated 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



16,802,411 00 

10,530,129 00 

517,332,540 00 

5,721,093 00 

$11,611,447 00 

2,623,827 00 



$9,026 73 

6,681 04 

1,770 13 

51 56 

9,323 92 

fG4,949 77 



Premiums. 

$38,856 84 
74,804 79 

6113,661 63 
34,522 75 

$79,138 88 

14,173 11 



88,987,620 00 £64,965 77 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . . 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent), . 
Company's stock owned by directors, . . . . 
Dividends declared payable in stock in 1899, , 



£2,942,700 00 

1,370,226 00 

30,994 00 

780,264 00 

10,000 00 

9,340 00 

50,000 00 



'•LAFAYETTE FIRE INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated Feb. 10, 1897. Commenced business Feb. 11, 1897.] 

Paid-up Capital, $200,000. 

ALLEN W\ ADAM3, President. EDWARD H. BETT8, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, $175,000 00 

District of Columbia bonds, .... 25,000 00 

New York city bonds 40,000 00 



Market Value. 

$198,500 00 
29,750 00 
43,600 00 



$240,000 00 $271,850 00 



Summary of Assets Dec. 31, 1899. 



Stocks and bonds, as per schedule, , 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



8271,850 00 

31,825 22 

1,789 62 

42,314 54 



$347,779 38 



LAFAYETTE FIRE INSURANCE CO. 



273 



Liabilities. 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



1,315 69 

103,556 65 

6,347 18 

1,823 54 

5,608 94 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1898, . $22,352 14 

Premiums on risks written or renewed, . . 248,016 38 

Total, $270,368 52 

Premiums now in course of collection, . . 42,314 54 

Entire premiums collected, .... $228,053 98 

Less reinsurance and return premiums, . . 60,012 82 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 



$143,652 00 

$204,127 38 
200,000 00 

$4,127 38 



$168,041 16 
11,475 79 



Gross cash income, ........ $179,516 95 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 
for salaries of officers, 
for State and local taxes, 
for incidentals, . 

Gross cash expenditures, . 



$112,434 61 
4,285 08 



$108,149 53 

16,000 00 

48,097 28 

1,910 00 

4,143 90 

2,295 25 

$180,595 96 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

.$10,005,186 00 $114,525 45 
. 24,651,145 00 248,016 38 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



.$34,656,331 00 $362,541 83 
. 15,086,276 00 156,240 12 



. $19,570,055 00 $206,301 71 
. 1,439,177 00 13,211 05 



. $18,130,878 00 $193,090 66 



274 THE LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 



Miscellaneous. 
Premiums received from reorganization of company, 
Losses paid from reorganization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from reorganization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



$542,573 00 

212,217 00 

125,664 00 

28,500 00 

16,000 00 

149,200 00 



"THE LIVERPOOL AND LONDON AND GLOBE INSURANCE 
COMPANY OF NEW YORK," NEW YORK, N. Y. 

[Incorporated 1896. Commenced business 1897.] 

Paid-up Capital, $200,000. 

HENRY W. EATON, President. GEO. W. HOYT, Secretary. 



United States bonds, . 
New York city bonds, 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

$25,000 00 $28,500 00 

195,000 00 207,675 00 



1220,000 00 $236,175 00 



Summary of Assets Dec. 31, 1899. 

Stocks and bonds, as per schedule, . . . $236,175 00 

Cash deposited in bank, 50,786 24 

Premiums in course of collection (gross), . 14,919 72 

Prem's more than three mos. due, . §268 48 

Gross assets, 

Deduct special deposits in other States, 



$301,880 96 
28,500 00 



Balance, $273,380 96 



Liabilities. 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reserve for contingent liabilities, . 
Reinsurance disallowed, .... 



Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Paid-up capital, .... 



$590 00 




36,388 96 




1,754 20 




4,384 31 




4,000 00 




10 00 




$47,127 47 




4,546 47 






42,581 00 






$230,799 96 




200,000 00 



Surplus over capital, ?30,799 96 



THE LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 275 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest and dividends received from all sources, 



$20,156 84 
93,703 13 

$113,859 97 
15,188 20 



,671 77 
39,181 20 



Gross cash income, 



$59,490 57 
8,508 24 

$67,998 81 



Expenditures. 

Cash paid for fire losses, 

Deduct reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



$36,676 30 
11,268 26 



$25,408 04 
7,869 87 
1,772 09 
4,153 74 
2,537 86 



Gross cash expenditures, $41,741 60 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$3,818,500 00 
8,720,335 00 



Premiums. 

$43,156 63 
93,703 13 



$12,538,835 00 $136,859 76 
6,370,644 00 55,674 78 



56,168,191 00 $81,184 98 
1,192,101 00 16,408 31 



. $4,976,090 00 $64,776 67 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 



$81,682 00 
33,900 00 
25,988 00 



276 



LUMBERMEN S INSURANCE CO. 



"LUMBERMEN'S INSURANCE COMPANY," PHILADELPHIA, PA. 

[Incorporated June 2, 1873. Commenced bueinesB Dec. 11, 1873.] 

Paid-up Capital, $250,000. 

LEWIS DAVIS, President. OLIVER H. HILL, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Susquehanna Coal Co. bonds, .... $12,000 00 f 14,160 00 

Shamokin Valley & Pottsville R.R. Co. bonds, 7,000 00 7,350 00 

Steubenville & Indiana R.R. Co. bonds, . . 15,000 00 16,800 00 

Richmond & Danville R.R. Co. bonds, . . 5,000 00 6,100 00 

Read. Co. & Phila. & Read. C'l & Ir'n Co. bonds, 5,000 00 4,300 00 

Camden & Atlantic R.R. Co. bonds, . . . 10,000 00 11,000 00 

Mortgage Trust Co. of Pa. debentures, . . 18,000 00 13,500 00 

Lehigh Valley R.R. Co. bonds, . . . 10,000 00 12,600 00 

Chicago, St. Louis & Pittsburgh R.R. Co. bonds, 10,000 00 11.800 00 

Master Builders' Exchange bonds, . . . 10,000 00 10,125 00 

Car Trust of N. Y. bonds, .... 8,000 00 8,000 00 

West Jersey R.R. Co. bonds, .... 26,000 00 30,160 00 

Sunb'y, Hazleton & Wilkes-Barre R.R. Co. b'ds, 8,000 00 8,400 00 

Shamokin, Sunbury & Lewisb'g R.R. Co. b'ds, 10,000 00 10,500 00 

Pennsylvania Steel Co. bonds 10,000 00 10,500 00 

Lehigh Valley R.R. Co. bonds,. . . . 10,000 00 12,200 00 

Texas & Pacific R.R. Co. bonds, . . . 11,000 00 12,100 00 

Ohio River R.R. Co. bonds, . . . 5,000 00 5,250 00 

Cin., Richmond & Ft. Wayne R.R. Co. bonds, . 20,000 -00 25,000 00 

Cambria & Clearfield R.R. Co., bonds, . . 12,000 00 12,000 00 

Duluth Street Railway Co. bonds, . . . 20,000 00 20,000 00 

St. Louis Merchants Bridge Co. bonds, . . 20,000 00 22,000 00 

Minneapolis General Electric Co. bonds, . . 20,000 00 21,600 00 

Electric R'y, Light & Power Co., Sedalia, b'ds, 8,000 00 8,200 00 

Broadway & 7th Ave. Railroad Co. bonds, . 10,000 00 12,000 00 

Hartman General Electric Co., Duluth, bonds, 10,000 00 10,250 00 

Superior Water, Light & Power Co. bonds, . 10,000 00 9,000 00 

St. Paul Gas Light Co. bonds, .... 10,000 00 8,800 00 

Lehigh Traction Co. bonds, .... 15,000 00 13,500 00 

Piedmont & Cumberland Railway Co. bonds, . 10,000 00 11,000 00 

Detroit & Mackinac Railway Co. bonds, . . 5,000 00 3,800 00 

Grand Rapids Gas Light Co. bonds, . . 10,000 00 10,500 00 

Gen., W'rloo, Sen. F's & Cay. L. Tr. Co. b'ds, . 10,000 00 7,500 00 

Passaic Lighting Co. bonds, .... 10,000 00 10,500 00 

Phila. & Reading Coal & Iron Co. certificates, 10,000 00 10,500 00 

Lehigh Valley R.R. Co. Car Trust loan, . . 10,000 00 10,200 00 

Baltimore Traction Co. Collateral Trust loan, 10,000 00 10,250 00 

Township of Upper Darby bonds, . . . 11,000 00 11,880 00 

City of Duluth Refunding bond, . . . 15,000 00 16,500 00 

St. Louis Ter., Cupples Sta. & Prop. Co. b'ds, 15,000 00 15,750 00 



LUMBERMEN S INSURANCE CO. 



277 



St. Joseph Gas Co. bonds, 
Equitable Illu. Gas Light Co. of Phila. bonds 
Elec. & Peo. Stock Trust, Phila., certificates, 
Illinois Central R.R. Co. bonds, 
Erie & Pittsburgh R.R. Co. bonds, . 
Metropolitan St. R'y Co., N. Y., bonds, 
Edison Elec. Light Stock Trust, Phila., c'tific's 
Atlantic Coast Electric R.R. Co. bonds, 
N. Y. Gas, Elec. Light, Heat & Power Co. b'ds 
Joliet Gas Light Co. bonds, 
Edison Elec. Illuminating Co., Brooklyn, b'ds 
Conshohocken Gas & Water Co. bonds, 
68 shares Lehigh Traction Co., 



80 
100 
30 
50 
20 
14 



Grand Rapids Gas Light Co., 
Grand Rapids & Indiana R'y Co., 
Buck'gh'm Ap't House Co., St. Paul 
St. Joseph Gas Co., . 
G., W'loo, S. F'ls & C. Lake Tr. Co. 
Philadelphia Bourse, 



Par Value. 

510,000 00 

20,000 00 

10,000 00 

20,000 00 

10,000 00 

10,000 00 

5,000 00 

10,000 00 

15,000 00 

10,000 00 

10,000 00 

5,000 00 

6,800 00 

4,000 00 

10,000 00 

3,000 00 

5,000 00 

2,000 00 

600 00 



Market Value. 

$9,500 00 

21,500 00 

9,700 00 

20,000 00 

10,000 00 

11,800 00 

5,500 00 

10,000 00 

13,500 00 

10,500 00 

10,200 00 

5,100 00 

340 00 

4,000 00 

2,000 00 

300 00 

2,100 00 

100 00 

115 00 



Securities held as collateral for cash loans : - 

Pittsb'h, Cin., Chic. & St. Louis R'y Co. bonds, 
60 shares Citizens' Passenger R'y Co. of Phila., 
17 " Jeffers'n Fire Ins. Co. of Phila., . 
M'l Ben. Life Ins. Co., Newark, paid-up policy, 
Edison Electric Light, Stock Trust certificates, 
460 shares Cambria Steel Co., . 
Philadelphia Electric Co. bonds, 
Indianapolis St. R'y Co. bonds, 
Asphalt Co. bonds, .... 
Philadelphia Electric Trust certificates, 



$627,400 00 |631,830 00 



Market Value. Loaned Thereon. 



$9,000 00 
19,800 00 

2,125 00 
14,425 00 
11,500 00 

9,200 00 
980 00 

6,080 00 [ 

4,200 00 I 
929 50 J 



1 



$8,000 00 
5,100 00 
1,500 00 
6,000 00 
8,000 00 



15,000 00 



$78,239 50 $43,600 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 



31, 1899. 

$141,500 00 

328,679 90 

5,082 38 

631,830 00 

43,600 00 

291 20 

12,517 18 



* Value of lands mortgaged $315,000 00 

Value of buildings thereon, 374,400 00 

Amount of insurance held as collateral, .... 356,700 00 



278 



lumbermen's INSURANCE CO. 



Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 

Reinsurance, etc., 

Gross assets, 



$385 10 

32,977 62 

1,070 00 

4,707 63 



$1,202,641 01 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
State and local taxes, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Miscellaneous, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



$10,496 10 

16,292 49 

500 00 

$27,288 59 
4,108 96 

$23,179 63 
112,813 07 
238,379 20 
2,537 00 
7,149 77 
6,739 84 
7,464 83 
1,287 36 



399,550 70 

$803,090 31 
250,000 00 



Surplus over capital, $553,090 31 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from all other sources, 

Deposits received for perpetual fire risks, 



f 18,743 59 
185,237 44 

§203,981 03 
32,977 62 

$171,003 41 
52,446 40 



sources, 



£118,557 01 

17,794 01 

31,598 51 

4,336 66 

549 41 



$6,852 32 



Gross cash income $172,835 60 



MAGDEBUKG FIRE INSURANCE CO. 



279 



Expenditures. 

Cash paid for fire losses, $118,139 08 

Deduct salvage and reinsurance, . . . 15,158 33 

Net cash paid for fire losses, .... $102,980 75 

Cash dividends paid, 25,000 00 

Cash paid for commissions and brokerage, .... 27,838 44 

for salaries of officers and employees, . . . 13,218 00 

for State and local taxes, 7,222 15 

for incidentals, 6,750 18 

Deposits returned on perpetual fire risks, . $6,244 50 

Gross cash expenditures, f 183,009 52 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1898, . . $26,501,243 00 $238,701 83 

Fire risks written during 1899, . . . 19,689,898 00 185,237 44 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



Perpetual risks in force (not incl'd above), 



1,191,141 00 $423,939 27 
. 19,055,615 00 161,774 88 



. $27,135,526 00 $262,164 39 
. 4,749,481 00 44,812 78 



. $22,386,045 00 $217,351 61 
. $9,646,119 00 $261,865 77 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Company's stock owned by directors, .... 



$2,411,204 00 

1,269,268 00 

112,597 00 

413,000 00 

25,000 00 

75,125 00 



"MAGDEBURG FIRE INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated Nov. 6, 1897. Commenced business Nov. 19, 1897.] 

Paid-up Capital, $200,000. 

E. F. MIETHKE, President. AD. DOHMEYER, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

. |205,000 00 $223,450 00 

25,000 00 27,250 00 

20,000 00 22,800 00 



New York city dock bonds, 
New York city bridge bonds, . 
United States bonds, . 



$250,000 00 $273,500 00 



280 



MAGDEBURG FIRE INSURANCE CO. 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Preni's more than three mos. due, . |681 16 
Gross assets, 



31, 1899. 

$273,500 00 

253 66 

4,621 75 

200 00 

12,080 54 



$290,655 95 



Liabilities. 
Losses claimed and reported, . 
Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 

Gross liabilities, except capital, . 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, . 



$12,570 00 
1,227 00 

$11,343 00 

55,970 25 

2,875 92 



70,189 17 

8220,466 78 
200,000 00 

$20,466 78 



Income. 

Fire premiums outstanding Dec. 31, 1898, . $16,229 36 

Premiums on risks written or renewed, . . 146,272 62 

Total, $162,501 98 

Premiums now in course of collection, . . 12,761 70 

Entire premiums collected, . . . ? 149,740 28 

Less reinsurance and return premiums, . . 54,524 23 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 



$95,216 05 
7,994 44 



Gross cash income, $103,210 49 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



$ 124,978 08 
18,935 97 



$106/'42 11 

19,639 11 

7,675 13 

3,326 62 

9,014 91 



Gross cash expenditures, ' $145,697 



THE MECHANICS' INSURANCE CO. 



281 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

.113,129,090 00 $ 99,219 60 
. 17,781,663 00 146,272 62 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



),910,753 00 $245,492 22 
. 15,804,335 00 115,087 93 



. $15,106,418 00 $130,404 29 
, 3,354,723 00 27,086 51 



.$11,751,695 00 $ 103,317 78 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$184,669 00 

134,689 00 

104,467 00 

4,500 00 



" THE MECHANICS' INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 13, 1854. Commenced business May 4, 1854.] 
Paid-up Capital, $250,000. 
SIMON J. MARTIN, President. JOHN A. SNYDER, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Phila., Wilmington & Baltimore R.R. bonds, . $5,000 00 $5,225 00 

Union Passenger Railway bonds, . . . 20,000 00 21,800 00 

Lombard & South Streets Pass. R'y bonds, . 20,000 00 20,200 00 

Steubenville & Indiana R.R. bonds, . . . 25,000 00 27,625 00 

Borough of Clifton Heights, Pa., bonds, . . 3,000 00 3,382 50 

Schuylkill River East Side R.R. bonds, . . 30,000 00 33,000 00 

Northern Pacific Terminal bonds, . . . 10,000 00 11,750 00 

Philadelphia & Erie R.R. bonds, . . . 28,000 00 30,100 00 

North Pennsylvania R.R. bonds, . . . 11,000 00 12,100 00 

Catawissa R.R. bonds, 9,000 00 9,180 00 

The Toledo Electric Street Pass. R'y bonds, . 10,000 00 10,500 00 

United States bonds, 5,000 00 6,687 50 

Consolidated Traction Co. of N. J. bonds, . 10,000 00 10,700 00 

Second Ave. Traction Co., Pittsburgh, bonds, . 10,000 00 11,600 00 

Terminal R.R. Association of St. Louis bonds, 10,000 00 11,087 50 

Commonwealth of Pennsylvania bonds, . . 5,000 00 5,000 00 

City of Altoona, Pa., bonds, .... 10,000 00 10,000 00 

Lehigh Valley R.R. bonds, .... 10,000 00 9,950 00 

City of Philadelphia bonds, .... 20,00000 21,70000 

Pittsburgh, Cin., Chic. & St. Louis R.R. bonds, 10,000 00 11,025 00 



282 



THE MECHANICS' INSURANCE CO. 



Allegheny Valley R.R. bonds, . 
Phil., Wil. & Bait. R.R. stock trust certificates 
200 shares Fair. Fk & Haddington Pass. R'y 
100 " Union Passenger Railway, . 
30 " 13th & 15th Sts. Pass. Railway, 
20 " 2d & 3d Streets Pass. Railway, 
1,000 " Philadelphia Traction Co., . 



Securities held as collateral for cash loans : — 



Philadelphia City Pass. R'y Co. bonds, . 



Par Value. 

$5,000 00 

10,000 00 

10,000 00 

5,000 00 

1,500 00 

1,000 00 

50,000 00 



Market Value. 
$6,262 50 

10,400 00 

15,200 00 

24,000 00 

9,000 00 

6,000 00 

95,000 00 



f343,500 00 $448,475 00 



Market Value. 

$10,710 00 



SCMMARY OF ASSETS DEC. 31, 1899. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Perpetual premiums in course of collection, 
Gross assets, 



$81,500 00 

313,085 00 

3,717 08 

448,475 00 

7,650 00 

1,275 80 

23,568 10 

3,815 55 

46,898 08 

38 40 

1,433 60 



Loaned Thereon. 

$7,650 00 



$931,456 61 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, 



$9,117 97 

16,518 21 

1,850 00 

$27,486 18 
3,369 37 

f24,116 81 

137,968 87 

256,462 48 

11,473 74 

10,703 94 

6,237 11 



446,962 95 

?484,493 66 
250,000 00 

$234,493 66 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$277,150 00 
374,050 00 
288,925 00 



THE MECHANICS' INSURANCE CO. 



283 



Income. 

Fire premiums outstanding Dec. 31, 1898 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 



Entire premiums collected, .... $262,124 39 
Less reinsurance and return premiums, . , 59,148 89 

Net cash fire premiums received, . . . $202,975 50 

Interest received on mortgages, 16,893 95 

Interest and dividends received from all other sources, . . 21,019 75 

Income from rents, 1J2,390 33 

Income from transfers and surveys, 241 36 

Deposits received for perpetual fire risks, . $16,356 34 



$36,894 28 
272,128 19 

$309,022 47 
46,898 08 



Gross cash income, . 



$243,520 89 



Expenditures. 

Cash paid for fire losses, $191,313 56 

Deduct salvage and reinsurance, . . , 23,467 06 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for expense on real estate, 

for incidentals, .... 

Deposits returned on perpetual fire risks, . $8,507 09 

Gross cash expenditures, ....... 



$167,846 50 

20,000 00 

63,825 79 

14,492 00 

5,678 08 

139 62 

15,729 79 



$287,711 78 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 



Risks and Premiums. 

Premiums. 

. $22,107,835 00 $236,464 19 



. 23,761,710 00 272,128 19 



$45,869,545 00 $508,592 38 
18,959,265 00 208,751 87 



$26,910,280 00 $299,840 51 
3,020,108 00 36,233 23 



Net amount in force, .... $23,890,172 00 $263,607 28 

Perpetual risks in force (not incl'd above), .$12,584,418 00 $283,554 75 



284 



mechanics' and traders' INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



$3,504,879 00 

1,919,004 00 

162,266 00 

540,660 00 

20,000 00 

44,925 00 



"MECHANICS' AND TRADERS' INSURANCE COMPANY," NEW- 
ORLEANS, LA. 

[Incorporated Oct. 15, 1869. Commenced buainesB Nov. 1, 1869.] 

Paid-up Capital, $300,000. 

E. G. RICHARDS, President. R. L. EMERY, Secretary. 



Detailed Statement of Stocks 



Louisiana State bonds, 

New Orleans city bonds, . 

New Orleans City & Lake R.R. bonds, 

Crescent city R.R. bonds, . 

150 shares People's Bank, New Orleans, 

10 

10 
200 

50 

30 



Prov. Savings Bank, N. O., 
Union Nat'l Bank, New Orleans, 
Standard Guano & Chem. Mfg. Co. 
Standard Cotton Seed Oil Co., 
National Acid Co., . . . 



and Bonds. 

Par Value. 

$108,000 00 

57,940 00 

6,000 00 

28,000 00 

15,000 00 

1,000 00 

1,000 00 

20,000 00 

2,500 00 

3,000 00 



Market Value. 

$118,800 00 

70,503 90 

6,795 00 

30,170 00 

14,100 00 

935 00 

935 00 

40,000 00 

3,750 00 

3,900 00 



§ 242,440 00 1289,888 90 



Summary of Assets Dec. 31, 1899. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens), 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Notes taken for fire, marine and inland risks, 
Gross assets, 



$108,100 00 

5,990 90 

289,888 90 

1,011 39 

8,610 74 

68,108 59 

612 71 



$482,323 23 



Liabilities. 



Losses adjusted and reported, 
Losses disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



$31,824 51 
3,000 00 

$34,824 51 
2,186 58 

$32,637 93 



mechanics' and traders' INSURANCE CO. 285 

Unearned premiums on outstanding risks, . $106,984 47 

Commissions and brokerage, .... 4,492 89 

Return premiums and reinsurance, . . . 18,443 10 

Reinsurance disallowed, 2,026 11 

Gross liabilities, except capital, . . . $164,584 50 



Surplus as regards policy holders, $317,738 73 

Paid-up capital, 300,000 00 



Surplus over capital, $17,738 73 

Income. 

Fire premiums outstanding Dec. 31, 1898, . $53,582 70 
Premiums on risks written or renewed, . . 278,132 19 



Total $331,714 89 

Premiums now in course of collection, . . 61,057 28 



Entire premiums collected, .... $270,657 61 
Less reinsurance and return premiums, . . 88,498 26 

Net cash fire premiums received, . . . $182,159 35 

Marine premiums outstanding Dec. 31, 1898, . $2,342 93 

Premiums on risks written or renewed, . . 14,744 40 



Total, ........ $17,087 33 

Premiums now in course of collection, . . 7,051 31 



Entire premiums collected, .... $10,036 02 
Less reinsurance and return premiums, . . 2,275 17 

Net cash marine premiums received, . . 7,760 85 

Interest and dividends received from all sources, . . . 10,391 10 

Income from rents, 9,302 93 

Profit on sale of securities, 152 24 

Gross cash income, $209,766 47 

Expenditures. 

Cash paid for fire losses, $168,661 86 

Deduct salvage and reinsurance, . . . 30,662 88 

Net cash paid for fire losses, .... $137,998 98 

Cash paid for marine and inland losses, . . $6,038 96 

Deduct salvage and reinsurance, . . . 648 58 

Net cash paid for marine and inland losses, . 5,390 38 

Cash paid for commissions and brokerage, .... 21,676 23 

for salaries of officers and employees, . . . 16,742 77 
for State and local taxes, ...... 17,287 46 

for incidentals, - . . . 23,074 08 



Gross cash expenditures, $222,169 90 



286 



THE MERCHANTS INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks written during 1899, . 
Deduct risks expired and terminated, 



.$ 17,626,885 00 
. 27,830,905 00 



$45,457,790 00 
21,670,293 00 

$23,787,497 00 
5,934,541 00 



Premium*. 

1265,816 61 
278,132 19 

$543,948 80 
260,595 93 

$283,352 87 
81,995 24 



$17,852,956 00 $201,357 63 



$4,270,442 00 
4,270,442 00 



$14,744 40 
14,744 40 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses inc ,ir red during the year, 
Cash dividends declared from organization of company, 
Company's stock owned by directors, . 



$7,502,418 00 

4,098,456 00 

145,148 00 

4,501 00 

3,832,660 00 

182,000 00 



"THE MERCHANTS' NSURANCE COMPANY OF NEWARK," 

NEWARK, N. J. 

[Incorporated Feb. 18, 1858. Commenced business April 18, 1858.] 
Paid-up Capital, $400,000. 
G. LEE STOUT, President. WM. H. GUERIN, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $50,000 00 655,000 00 

New Jersey Zinc Co. bonds, .... 10,000 00 10,500 00 

Newark Consolidated Gas Co. bonds, . . 10,000 00 10,600 00 

American Dock and Improvement bonds, . 50,000 00 57,250 00 

Long Branch school bonds, .... 6,000 00 6,300 00 

North Hudson County R.R. bonds, . . . 100,000 00 108,000 00 

Midland Railroad of New Jersey bonds, . . 100,000 00 116,000 00 

Newark & Bloomfield Horse Car R.R. bonds, . 10,000 00 10,100 00 

Belleville & Newark Horse Car R.R. bonds, . 1,000 00 1,000 00 

Irvington & Newark Horse Car R.R. bonds, . 3,000 00 3,000 00 

Newark Gas Co. bonds, 100,000 00 138,000 00 

Newark Pass. Railroad Co. bonds, . . . 70,000 00 79,800 00 

Elizabeth city bonds, 50,000 00 50,000 00 

Underwriters' Protec. Ass'n, Newark, bonds, . 500 00 500 00 

Consolidated Traction Co. bonds, . . . 90,000 00 95,400 00 

N. Y., Susquehanna & Western R.R. bonds, . 10,000 00 10,600 00 



THE MERCHANTS' INSURANCE CO. 



287 



Easton & Amboy R.R. Co. bonds, . 

United New Jersey R.R. & Canal Co. stock, . 

Securities held as collateral for cash loans : 
10 shares Fidelity Trust Co., .... 



Par Value. 

$5,000 00 
15,000 00 



Market Value. 

$5,500 00 
41,250 00 



,500 00 $798,800 00 



Market Value. 

$25,000 00 



Loaned Thereon. 

$ 10,000 00 



Summary of Assets Dec. 


31, 1899. 




Cash value of unencumbered real estate, 


$171,469 56 




Loans on mortgage of real estate (first liens *), 


376,150 00 




Interest due or accrued thereon, 


5,295 47 




Stocks and bonds, as per schedule, . 


798,800 00 




Loans on collateral security, as per schedule, . 


10,000 00 




Cash in the office of the company, . 


21,628 16 




Cash deposited in bank, 


42,770 52 




Interest due and accrued, 


2,670 81 




Premiums in course of collection (gross), 


168,443 96 




Rents due and accrued, .... 


329 33 




Reinsurance due on losses paid, 


857 76 




Prem's more than three mos. due, . $2,270 4£ 






Gross assets, 




11,598,415 57 




Deduct special deposits in other States, . 




55,000 00 




11,543,415 57 


Liabilities. 






Losses adjusted, unpaid, .... 


$41,094 48 




claimed and reported, . . . , 


87,500 86 




disputed or resisted, 


6,674 50 




Total amount of losses, .... 


$135,269 84 




Less reinsurance, ..... 


20,802 33 




Net amount of unpaid losses, . 


$114,467 51 




Unearned premiums on outstanding risks, 


727,969 22 




State and local taxes, .... 


699 44 




Commissions and brokerage, . 


29,960 92 




Return premiums and reinsurance, . 


50,680 68 




Reinsurance disallowed, .... 


184 00 




Gross liabilities, except capital, 


. $923,961 77 




Deduct liability on special deposits, 


3,633 44 


920,328 33 




• • # • 


Surplus as regards policy holders, . 


$623,087 24 




• • • • 


400,000 00 


Surplus over capital, .... 


$223,087 24 






75 00 






Amount of insurance held as collateral, . 





288 



THE MERCHANTS INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1898, . $159,478 57 

Same not collected, 367 95 

Net collected, $159,110 62 

Premiums on risks written or renewed, . . 1,261,355 24 

Total, $1,420,465 86 

Premiums now in course of collection, . . 170,346 46 



$1,250,119 40 
322,818 74 



Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, . . . ■ 

Interest received on mortgages, .... 
Interest and dividends received from all other sources, 

Income from rents, 

Income from all other sources, 



$927,300 66 

19,766 25 

36,930 00 

7,133 73 

13,525 82 



Gross cash income, $1,004,656 46 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . . - 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



$783,075 69 
121,249 11 



Gross cash expenditures, $1,117,224 29 



§661,826 58 

40,000 00 

179,031 27 

171,241 17 

37,562 35 

27.562 92 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$154,849,539 00 $1,564,290 11 
121,416,587 00 1,261,355 24 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$276,266,126 00 $2,825,645 35 
115,939,564 00 1,212,579 07 



$160,326,562 00 $1,613,066 28 
16,600,097 00 159,032 02 



$143,726,465 00 $1,454,034 26 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, . . 
Fire losses incurred during the year, . . 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . 



$18,070,831 00 
10,380,794 00 
678,327 00 
1,076,219 00 
40,000 00 
73,175 00 



MERCHANTS' INSURANCE CO. IN PROVIDENCE. 



289 



"MERCHANTS' INSURANCE COMPANY IN PROVIDENCE," 

PROVIDENCE, R. I. 

[Incorporated May, 1851. Commenced business July, 1851.] 

Paid-up Capital, $200,000. 

ROBERT W. BURBANK, President. ARTHUR S. BURRINGTON, Secretary. 



Detailed Statement of Stocks 



United States bonds, 

Eastern R.R. of Minnesota bonds, . 

Minneapolis Street R.R. Co. bonds, . 

Lowell & Suburban St. R.R. Co. bonds, . 

Watchemoket Fire Dist., E. Prov., R. I., bonds 

Pawtucket Electric Co., Pawtucket, R. I., bonds 

Bridgeport Tract. Co , Bridgeport, Conn., bonds 

Lynn & Boston R.R. Co. bonds, 

New York Central R.R. bonds, 

Providence, Fall Riv. & Newport S. S. Co. b'ds 

550 shares Providence Gas Co., 

800 

700 

400 

200 

257 

102 

200 

100 

200 

93 

25 

50 

100 

5 

200 



Nat'l B'k of Commerce, Providence 
American Nat'l Bank, Providence, 
Merchants' Nat'l B'k, Providence, 
Phenix National B'k, Providence, 
Mechanics' Nat'l B'k, Providence, 
Manufacturers' N'l B'k, Providence 
N. Y. Central & Hud. Riv. R.R. Co. 
Illinois Central R.R. Co., 
Chicago & Northwestern R.R. Co., 
St. Paul & Duluth R.R., . 
Pitts., Ft. Wayne & Chic. R.R. Co., 
Syracuse, Bingh'n & N. Y. R.R. Co 
Portsmouth & Dover R.R. Co., 
Underwriters' Salvage Co., N. Y., 
National Salt Co., . 



Securities held as collateral for cash loans : — 
Utica, N. Y., Water Co. bonds, 



and Bonds. 

Par Value. 

$25,000 00 

10,000 00 

5,000 00 

5,000 00 

2,500 00 

10,000 00 

10,000 00 

10,000 00 

12,000 00 

10,000 00 

27,500 00 

40,000 00 

35,000 00 

20,000 00 

10,000 00 

12,850 00 

10,200 00 

20,000 00 

10,000 00 

20,000 00 

9,300 00 

2,500 00 

5,000 00 

10,000 00 

500 00 

20,000 00 



Market Value. 

$28,000 00 

11,000 00 

5,500 00 

5,250 00 

2,525 00 

11,000 00 

11,000 00 

11,000 00 

11,610 00 

10,200 00 

53,625 00 

38,400 00 

30,100 00 

24,000 00 

16,200 00 

11,565 00 

14,484 00 

26,300 00 

11,250 00 

32,000 00 

9,300 00 

4,625 00 

8,250 00 

14,000 00 

15,600 00 



$352,350 00 $416,814 00 

Market Value. Loaned Thereon. 

$20,800 00 $16,000 00 



Summary of Assets Dec. 31, 1899. 

Loans on mortgage of real estate (first liens*), $99,600 00 

Interest accrued thereon, 947 45 

Stocks and bonds, as per schedule, . . . 416,814 00 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$53,900 00 
157,000 00 
111,000 00 



290 



MERCHANTS INSURANCE CO. IN PROVIDENCE. 



Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for fire risks, .... 
Gross assets,* 



$16,000 00 

3,762 39 

35,734 73 

2,951 02 

19,106 25 

14,883 43 



$609,799 27 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
State and local taxes, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, . 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, 



Income 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from profit on bonds, . 

Gross cash income, 



other 



$7,094 57 

17,177 13 

153 58 

$24,425 28 
1,616 46 

$22,808 82 

166,340 03 

382 12 

3,439 13 

319 24 



$36,144 49 
107 26 

$36,037 23 
253,154 88 

$289,192 11 
33,989 68 

$255,202 43 
43,259 97 



sources, . 



193,289 34 

$416,509 93 
200,000 00 

$216,509 93 



$211,942 46 

5,362 31 

16,660 63 

500 00 

$234,465 40 



* Including $75,000 special reserve fund held under Rhode Island law. 



MICHIGAN FIRE AND MARINE INSURANCE CO. 



291 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, . 

for incidentals, . . 
Loss on bank stocks, . 



$172,640 48 
4,270 08 



Gross cash expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . . . 
Deduct amount reinsured, 

Net amount in force, 



$33,297,379 00 
23,347,516 00 

$56,644,895 00 
23,221,860 00 

$33,423,035 00 
1,688,145 00 



$168,370 40 
12,000 00 
41,580 36 
17,744 38 
8,473 72 
3,166 08 
18,451 43 
16,000 00 

$285,786 37 

Premiums. 

$368,277 74 
253,154 88 

$621,432 62 
272,802 13 

$348,630 49 
17,623 80 



$31,734,890 00 $331,006 69 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$8,782,067 00 

5,744,475 00 

176,003 00 

825,600 00 

12,000 00 

27,450 00 



"MICHIGAN FIRE AND MARINE INSURANCE COMPANY," 

DETROIT, MICH. 

[Incorporated February, 1881. Commenced business March, 1881.] 

Paid-up Capital, $400,000. 

DAVID WHITNEY, Jr., President. F. H. WHITNEY, Secretary. 



Detailed Statement of Stocks and Bonds. 



People's Savings Bank stock, 
Marquette city bonds, 
Detroit city bonds, . 
Flint school bonds, . 



Par Value. 

$5,000 00 
32,000 00 
10,000 00 
16,000 00 



Market Value. 

$6,250 00 

32,000 00 

10,000 00 

16,000 00 



$63,000 00 $64,250 00 



292 



MICHIGAN FIRE AND MARINE INSURANCE CO. 



Summary of Assets Dec. 31, 1899. 

Cash value of unencumbered real estate, . $89,093 14 

Loans on mortgage of real estate (first liens *), 527,932 00 

Interest due or accrued thereon, . . . 11,437 97 

Stocks and bonds, as per schedule, . . . 64,250 00 

Cash in the office of the company, . . . 9,999 31 

Cash deposited in bank, 45,157 90 

Interest due and accrued, 1,523 52 

Premiums in course of collection (gross), . 42,244 35 

Gross assets, 



?791,638 19 



Liabilities. 
Losses adjusted, unpaid, .... 
Losses claimed and reported, . 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



fl5,378 10 
7,510 00 

822,888 10 
2,698 24 

$20,189 86 

180,974 52 

6,134 51 

7,848 88 

1,344 30 



216,492 07 

$575,146 12 
400,000 00 

$175,146 12 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Income from all other sources, 



Gross cash income, 



$43,707 59 
284,938 36 

§328,645 95 
42,244 35 

$286,401 60 
57,919 52 



sources, 



$228,482 08 
30,85: 
5,017 74 
1,955 93 
9C, 

$267,214 S6 



* Value of lands mortgaged, . . : . • . . . $1,074,107 00 

Value of buildings thereon 553,000 00 

Amount of insurance held as collateral, .... 3o7,265 00 



MIDDLESEX MUTUAL ASSURANCE CO. 



293 



Expenditures. 

Cash paid for fire losses, . . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for expense on real estate, 

for incidentals, .... 



$165,263 51 
28,745 30 



Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$34,750,671 00 
27,312,155 00 

$62,062,826 00 
25,925,056 00 

$36,137,770 00 
2,263,673 00 



$136,518 21 
32,000 00 
44,456 61 
14,221 84 

17,852 57 

936 62 

22,852 01 

$268,837 86 

Premiums. 

$385,268 04 
284,938 36 

$670,206 40 
288,088 02 

$382,118 38 
23,916 79 



$33,874,097 00 $358,201 59 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (8 per cent.), . 

Company's stock owned by directors, 



'6,155,702 00 

3,331,221 00 

151,319 00 

314,000 00 

32,000 00 

194,900 00 



"MIDDLESEX MUTUAL ASSURANCE COMPANY," MIDDLE- 
TOWN, CONN.* 

[Incorporated June 2, 1836. Commenced business June 13, 1836.] 
O. VINCENT COFFIN, President. C. W. HARRIS, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Middletown, Conn., town bonds, . . . $24,000 00 $24,840 00 

Portland, Conn., town bonds, . . . . 100,000 00 103,91160 

Nebraska Loan & Trust Co. bonds, . . . 75,000 00 75,000 00 

N. Y., New Haven & Hartford R.R. bonds, . 15,000 00 27,750 00 

200 shares N. Y. Cent. & Hudson River R.R., . 20,000 00 26,200 00 

275 " Chic, Rock Island & Pacific R.R., . 27,500 00 29,150 00 

400 " N. Y., New Haven & Hart. R.R., . 40,000 00 84,800 00 



A mutual company 



294 



MIDDLESEX MUTUAL ASSURANCE CO. 



200 shares Chicago, Burlington & Quincy R.R., 

300 " Chicago & Northwestern R.R., 

150 " Middletown National Bank, Conn., 

40 " First Nat'l Bank, Middlet'n, Conn., 

85 " Middlesex Co. N'l B'k, Middletown, 

30 " Central Nat'l Bank, Middletown, . 

10 " First National Bank, Portland, 

90 " Omaha Water Co., .... 

Omaha Water Co. bonds, 



Par Value. 

$20,000 00 

30,000 00 

11,250 00 

4,000 00 

8,500 00 

2,250 00 

1,000 00 

4,500 00 

10,000 00 



Market Value. 

$24,200 00 

51,600 00 

16,200 00 

4,080 00 

7,225 00 

2,550 00 

1,000 00 

4,500 00 

10,000 00 



$393,000 00 $493,006 60 



Summary of Assets Dec. 31, 1899. 

Cash value of unencumbered real estate, . $200,000 00 

Loans on mortgage of real estate (first liens *), 53,100 00 

Stocks and bonds, as per schedule, . . . 493,006 60 

Cash in bank, 34,862 18 

Premiums in course of collection. (gross), . 19,783 42 

Keating Wheel Company loan, .... 37,812 50 

Gross assets, 



$838,564 70 



Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Commissions and brokerage, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 



f 1,604 44 

9,850 00 

1,050 00 

146,925 71 

3,777 10 

4,945 85 



168,153 10 
$670,411 60 



Income. 

Fire premiums outstanding Dec. 31, 1898, . f 19,728 22 
Premiums on risks written or renewed, . . 80,473 58 

Total, ........ $100,201 80 

Premiums now in course of collection, . . 19,783 42 

Entire premiums collected, .... f 80,418 38 
Less reinsurance and return premiums, . . 7,386 13 

Net cash fire premiums received, . . . 73,032 25 

Interest received on mortgages, 2,104 83 

Interest and dividends received from all other sources, . . 29,577 26 

Income from rents, 8,577 58 

Gross cash income, §113,291 92 

* Value of lands mortgaged $40,000 00 

Value of buildings thereon, 180,000 00 

Amount of insurance held as collateral, .... 115,00000 



millers' and manufacturers' INSURANCE CO. 



295 



Expenditures. 

Cash paid for fire losses, 

for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 
for incidentals, . ' . 

Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 



Net amount in force, . . 



$42,128,143 00 
11,746,982 00 

$53,875,125 00 
13,884,016 00 

$39,991,109 00 
10,322 00 



$66,970 98 

10,718 38 

18,735 68 

6,479 17 

9,442 69 

$112,346 90 



Premiums. 

$327,658 48 
80,473 58 

$408,132 06 
103,680 58 

$304,451 48 
44 18 



$39,980,787 00 1304,407 30 



Miscellaneous. 
Losses paid from organization of company, . 
Fire losses incurred during the year, 



^,099,670 00 
66,971 00 



"MILLERS' AND MANUFACTURERS' INSURANCE COMPANY," 

MINNEAPOLIS, MINN.* 

[Reincorporated July 1, 1891. Commenced business May, 1881.] 
C. B. SHOVE, President. F. S. DANFORTH, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

$2,000 00 
2,000 00 
13,800 00 
10,000 00 
10,000 00 
1,000 00 



Northwestern Consolidated Milling Co. bonds 
Chicago General R'y Co. bonds, 
First National Bank, Minneapolis, stock, 
Northwestern Nat'l Bank, Minneapolis, stock 
Nat'l Bank of Commerce, Minneapolis, stock 
Merchants' National Bank, St. Cloud, stock, 



Market Value. 

$2,000 00 

2,000 00 

15,180 00 

15,000 00 

10,500 00 

1,000 00 



$38,800 00 845,680 00 



Summary of Assets Dec. 31, 1899. 

Cash value of unencumbered real estate, . . $122,824 60 
Loans on mortgage of real estate (first liens f), 29,525 00 

Interest accrued thereon, 288 43 



* A mutual company. 

t Value of lands mortgaged, . 

Value of buildings thereon, . 

Amount of insurance held aa collateral, 



$32,900 00 
15,400 00 
10,600 00 



296 



millers' and manufacturers' INSURANCE CO. 



Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Notes taken for tire risks, 
Rents due and accrued, .... 

Land contracts, 

Gross assets, 



$ 45,680 00 

2,575 51 

11,584 43 

17,288 85 

310 65 

228 00 

4,500 00 



$234,805 47 



Liabilities. 
Losses adjusted, unpaid, . 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, 
Reinsurance disallowed, . 
Gross liabilities, . 

Surplus as regards policy holders, 



$16,434 42 
8,200 00 
85,598 72 
2,593 33 
5,425 29 
7,108 03 



125,359 79 



. $109,445 68 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



$22,151 38 
209,334 95 

$231,486 33 
17,288 85 

§214,197 48 
43,969 74 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, . . . 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest and dividends received from all sources, 

Income from rents, 

Income from all other sources, 



Gross cash income, $179,476 06 



$170,227 


74 


1,736 


50 


4,886 


68 


2,625 


14 



Expenditures. 

Cash paid for fire losses, 

Deduct reinsurance, 

Net cash paid for fire losses, .... 
Cash dividends paid to policy holders, 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for rents, 

for incidentals, ..... 



$136,822 24 
13,756 73 



$123,065 51 

8,964 70 

23,404 11 

14,944 02 

2,898 33 

1,140 00 

19,897 21 



Gross cash expenditures, $194,313 88 



MILLERS NATIONAL INSURANCE CO. 



297 



Risks and Premiums. 

Amount. Cash Prem's. 

Fire risks outst'g Dec. 31, 1898, $ 10,250,860 00 $180,812 23 
Fire risks written during 1899, 9,619,122 00 209,334 95 



Total, $19,869,982 00 $390,147 18 

Deduct risks expired and t'm'd, 10,196,257 00 196,615 67 






In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



1,673,725 00 $193,531 51 
823,942 00 22,320 11 



5,849,783 00 $171,211 40 



Conting't Prem's. 

$264,103 94 
93,507 75 

$357,611 69 
102,084 02 

$255,527 67 



Miscellaneous. 

Losses paid from organization of company, .... $1,305,895 00 

Fire losses incurred during the year, 121,279 00 

Cash dividends declared from organization of company, . 168,156 00 

Company's stock owned by directors, 21,390 00 






" MILLERS' NATIONAL INSURANCE COMPANY," CHICAGO, ILL. 

[Incorporated Feb. 16, 1865. Commenced business Sept. 1, 1869.] 

Paid-up Capital, $200,000. 

C. H. SEYBT, President. W. L. BARNUM, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

$50,000 00 
60,000 00 



United States bonds, . 

Cook County, 111., bonds, . 

City of Chicago bonds, 

Chicago Board of Trade bonds, 

Chicago City Railway bonds, . 

Chicago Passenger Railway bonds, 

North Chicago City Railway bonds, 

St. Louis, Cass Ave. & Fair Grounds R.R. bonds 

Illinois Central R.R. bonds, 

Chic, Burlington & Quincy R.R. bonds, 

Chic, Milwaukee & St. Paul R.R. bonds, 

North Chicago Electric R'y bonds, 

Chicago Electric Transit Co. bonds, 

Central Safety Deposit Co. bonds, 

Bureau & Putnam County, 111., drainage bonds 

Sanitary District of Chicago bonds, 

Village of Harlem, Illinois, bonds, 

Ford County, 111., bonds, . 

Marseilles, 111., bonds, 

Effingham, 111., bonds, 

Tracy, Minn., bonds, . 

Wabash County, Intl., bonds, 



10,000 00 

10,000 00 

25,000 00 

20,000 00 

10,000 00 

25,000 00 

25,000 00 

13,000 00 

10,000 00 

10,000 00 

20,000 00 

10,000 00 

14,000 00 

20,000 00 

7,500 00 

3,000 00 

5,000 00 

3,000 00 

5,000 00 

5,500 00 



Market Value. 

#60,500 00 

61,500 00 

10,225 00 

10,000 00 

25,375 00 

20,825 00 

10,800 00 

25,500 00 

27,875 00 

13,195 00 

11,800 00 

11,000 00 

22,200 00 

10,000 00 

14,140 00 

21,375 00 

7,500 00 

3,000 00 

5,000 00 

3,000 00 

5,000 00 

5,500 00 



298 



MILLERS NATIONAL INSURANCE CO. 



Osgood, Ind., bonds, 

Aberdeen, So. Dak., bonds, 
Des Plaines, 111., bonds, .... 
Oak Park, 111., school bonds, . 
Bureau County, 111., drainage bonds, 
Evanston, 111., township bonds, 
Whiteside County, 111., drainage bonds, . 
Illinois Staats Zeitung Co. of Chicago bonds, 
Jasper County, 111., bonds, 

Lincoln, 111., bonds, 

Bonne Terre, Mo., school bonds, 
Poplar Bluff, Mo., school bonds, 
Town of Proviso, 111., bonds, . 
Windsor, Shelby County, 111., bonds, 
Mechanicsburg, 111., school bonds, . 
White County, Ind., bonds, 
Lawrence County, 111., drainage bonds, . 
Chicago National Bank stock, . 
South Side Elevated R.R. stock, 



Par Value. 

$4,500 00 
10,000 00 

5,000 00 

5,000 00 
11,000 00 

1,500 00 
10,000 00 

4,000 00 
22,500 00 
25,000 00 
19,000 00 
10,000 00 
12,000 00 
10,000 00 

5,000 00 
10,000 00 
15,000 00 
10,000 00 
11,100 00 



Markot Value. 

f 4,500 00 

10,000 00 

5.000 00 

5,<>00 00 

11,000 00 

1,500 00 

10,000 00 

4,0' 

22,500 00 

25,000 00 

19,000 00 

10,000 00 

12,000 00 

10,000 00 

5,000 00 

10,000 00 

15,000 00 

30,000 00 

11,100 00 



$561,600 00 $605,910 00 



Summary of Assets Dec. 31, 1899. 

Loans on mortgage of real estate (first liens *), $53,500 00 

Interest accrued thereon, 965 80 

Stocks and bonds, as per schedule, . . . 605,910 00 

Cash in the ofiice of the company, . . . 401 90 

Cash deposited in bank, 38,861 65 

Interest due and accrued, 9,516 84 

Premiums in course of collection (gross), . 12,770 92 
Deposit notes taken for fire risks, $1,986,686 23 

Gross assets, $721,927 11 



Liabilities. 

Losses claimed and reported, . 
Losses disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Special department, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, 



$8,775 00 

13,722 23 

113,297 84 

2,234 91 

114,514 86 



252,544 84 

8469,382 27 
200,000 00 

$269,382 27 



* Value of lands mortgaged $95,675 00 

Value of buildings thereon, 71,000 00 

Amount of insurance held as collateral, .... 46,500 00 



MILWAUKEE FIRE INSURANCE CO. 



299 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest and dividends received from all sources, 



$6,163 81 
327,862 66 

$334,026 47 
12,770 92 

$321,255 55 
24,750 33 



$296,505 22 
30,650 38 



Gross cash income, $327,155 60 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage, 

Net cash paid for fire losses, .... 
Cash paid for commissions and brokerage, 

for salaries of oflicers and employees, 

for State and local taxes, . 

for incidentals, 



$240,920 83 
575 25 



Gross cash expenditures, . 



$240,345 58 

10,302 19 

39,761 67 

3,833 45 

21,788 06 

$316,030 95 



■ 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$15,394,860 00 $268,724 21 
10,634,604 00 149,064 89 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 



$26,029,464 00 $417,789 10 
7,063,137 00 110,484 63 



$18,966,327 00 $307,304 47 



Miscellaneous. 
Prem's and assessments rec'd from organization of company, $4,025,168 00 
Losses paid from organization of company, .... 2,934,506 00 
Fire losses incurred during the year, 235,715 00 





"MILWAUKEE FIRE INSURANCE COMPANY," MILWAUKEE, WIS. 

[Incorporated March 22, 1898. Commenced business March 23, 1898.] 
Paid-up Capital, $200,000. 



WM. L. JONES, President. 



H. A. NOLTE, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

. $100,000 00 8133,000 00 

61,500 00 63,960 00 



United States bonds, . 

South Side Elevated R.R. bonds, 



f 161,500 00 $196,960 00 



300 



MILWAUKEE FIRE INSURA>XE CO. 



Summary of Assets Dec. 31, 1899. 

Loans on mortgage of real estate (first liens *), $106,800 00 

Interest due or accrued thereon, . . . 1,394 24 

Stocks and bonds, as per schedule, . . . 196,960 00 

Cash in the office of the company, . . . 1,407 26 

Cash deposited in bank, 15,337 77 

Premiums in course of collection (gross), . 27,882 59 

Gross assets $349,781 86 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$11,345 77 

29,246 30 

900 00 

$41,492 07 
17,723 17 

$23,768 90 

76,880 77 

5,576 52 

21,201 27 

79 85 



127,507 31 

$222,274 55 
200,000 00 



Surplus over capital, . . . . . . . . $22,274 55 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from all other sources, 



Gross cash income, $172,976 16 



$35,069 51 
330,630 92 

$365,700 43 
27,882 59 

$337,817 84 
194,018 67 



sources, 



$143,799 17 

6,016 35 

8,756 74 

14,403 90 



Value of lands mortgaged, $135,650 00 

Value of buildings thereon 107,600 00 

Amount of insurance held as collateral, .... 79,100 00 



MILWAUKEE MECHANICS' INSURANCE CO. 



301 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 

(for insurance department fees, 
for incidentals, 



$180,076 59 
36,618 84 



Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 






Net amount in force, . 



$13,016,194 00 
24,911,620 00 

$37,927,814 00 
13,412,460 00 

$24,515,354 00 
13,994,790 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$143,457 75 

16,560 82 

20,873 99 

6,386 81 

3,344 61 

25,303 94 

$215,927 92 

Premiums. 

$177,475 58 
330,630 92 

$508,106 50 
192,070 71 

$316,035 79 
175,255 40 



$10,520,564 00 $140,780 39 



$264,722 00 

165,011 00 

160,700 00 

68,920 00 



"MILWAUKEE MECHANICS' INSURANCE COMPANY," 
MILWAUKEE, WIS. 

[Incorporated Feb. 15, 1852. Commenced business April 1, 1852.] 

Paid-up Capital, $200,000. 

WM. L. JONES, President. Q. W. GROSSENBACH, Secretary. 

Detailed Statement op Stocks and Bonds. 

Par Value. Market Value. 

Milwaukee County bonds, .... $23,000 00 $25,530 00 

Milwaukee city bonds, 212,500 00 229,643 75 

Brown County, Wis., bonds, .... 22,000 00 23,925 00 

La Crosse City, Wis., bonds, .... 35,000 00 35,000 00 

St. Paul, Minn., bonds, 225,000 00 262,500 00 

Ramsey County, Minn., bonds, .... 100,000 00 108,750 00 

Mil. Underwriters' Building Asso. stock, . . 3,476 00 4,789 00 

Sanitary Dist. of Chicago bonds, . . . 50,000 00 55,750 00 

South Side (Chic.) Elevated R.R. Co. bonds, . 100,000 00 104,000 00 

Washington County, Wis., bonds, . . . 50,000 00 53,575 00 



302 



MILWAUKEE MECHANICS INSURANCE CO. 



United States bonds, . 
Racine (Wis.) bonds, 



Par Value. Market Value. 

$25,000 00 $26,875 00 
23,000 00 25,909 50 



£868,976 00 $956,247 25 



Summary of Assets Dec. 31, 1899. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens) , 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross) 

Gross assets,* .... 
Deduct special deposits in other States, 



Balance, $2,506,648 59 



$67,500 00 

1,221,741 53 

38,750 45 

956,247 25 

29,726 90 

61,312 77 

5,987 51 

152,257 18 



$2,533,523 59 
26,875 00 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, . 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, 



Income 

Fire premiums outstanding Dec. 31, 1898 
Premiums on risks written or renewed, 

Total 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 



$22,043 69 
58,442 09 
12,050 00 

$92,535 78 
16,656 84 

$75,878 94 

806,812 17 

30,451 44 

49,514 81 

2,061 15 



- 964,718 51 

. $1,541,930 08 
200,000 00 



$1,341,930 08 



$153,953 82 
1,240,177 39 

$1,394,131 21 
152,257 18 

$1,241,874 03 
317,988 47 



$923,885 56 



* Including $200,000 special reserve held by treasurer of State of Wisconsin. 



NATIONAL FIRE INSURANCE CO. 



303 



Interest received on mortgages, .... 
Interest and dividends received from all other sources, 

Income from rents, 

Income from all other sources, .... 



Gross cash income, 



$68,089 92 

40,609 32 

4,545 50 

8,109 92 

$1,045,240 22 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for expenses on real estate, 

for incidentals, .... 



$701,084 82 
113,356 67 



Gross cash expenditures, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, . . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$133,996,225 
106,361,043 



$587,728 15 
80,000 00 
244,784 01 
72,357 82 
36,740 09 
1,575 39 
82,086 84 

$1,105,272 30 



Premiums. 

00 $1,750,191 46 
00 1,240,177 39 



$240,357,268 
88,061,202 



00 $2,990,368 85 
00 1,190,061 47 



$152,296,066 
19,025,947 



00 $1,800,307 38 
00 248,081 00 



$133,270,119 00 $1,552,226 38 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (40 per cent.), . 
Company's stock owned by directors, .... 



$15,199,426 00 

7,629,308 00 

595,689 00 

820,000 00 

80,000 00 

85,470 00 



"NATIONAL FIRE INSURANCE COMPANY OF HARTFORD," 

HARTFORD, CONN. 

[Incorporated June 4, 1869. Commenced business Dec. 1, 1871.] 
Paid-up Capital, $1,000,000. 
JAMES NICHOLS, President. E. Q. RICHARDS, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds $50,000 00 $54,500 00 

Atchison, Topeka & Santa Fe Railway bonds, 25,000 00 23,750 00 

Bangor & Aroostook R.R. Co. bonds, . . 15,000 00 15,000 00 



304 



NATIONAL FIRE INSURANCE CO. 



Buffalo Railway Co. bonds, 
Chesapeake & Ohio Railway bonds, 
Chicago & Indiana Coal Railway Co. bonds, 
Chicago, Milwaukee & St. Paul R.R. bonds, 
Chicago North Shore Street R'y Co. bonds, 
Chicago & Northwestern R.R. Co. bonds, 
Chicago & Western Indiana R.R. bonds, . 
Cincinnati, Dayton & Ironton R.R. Co. bonds, 
Cin., Indian., St. Louis & Chicago R.R. bonds 
Cleve., Columbus, Cin. & Indian. R.R. bonds, 
Cleveland, Loraine & Wheeling R.R. bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Chicago Terminal Transfer R.R. bonds, . 
Columbus & Toledo R.R. Co. bonds, 
Danbury & Norwalk R.R. Co. bonds, 
E. Tennessee, Virginia & Georgia R.R. Co. b'ds 
Erie Railway Co. bonds, .... 
Evansville & Terre Haute R.R. bonds, . 
Evansville, Terre Haute & Chic. R'y Co. b'ds 
Hartford & Connecticut Western R.R. Co. b'ds 
Houston & Texas Central R.R. Co. bonds, 
Hunt'don & Br'd Top Mt. R.R. & Coal Co. b'ds 
Iowa Central Railway Co. bonds, 
Kanawha & Michigan Railway Co. bonds, 
Kansas City Cable Railway Co. bonds, . 
Knoxville & Ohio R.R. Co. bonds, . 
Louisville, New Albany & Chic. R'y Co. bonds 
Louisville & Nashville R.R. bonds, . 
Mobile & Ohio R.R. Co. bonds, 
Morgan's Louisiana & Tex. R.R. & S.S. Co. b'ds 
Nashville, Chattanooga & St. Louis R'y Co. b'ds 
Naumkeag Street Railway Co. bonds, 
N. Y., New Haven & Hartford R.R certificates 
Nodaway Valley R.R. Co. bonds, 
Norfolk & Western bonds, 
Peoria & Pekin Union Railway Co. bonds, 
Piedmont & Cumberland Railway Co. bonds, 
Richmond & Danville R.R. Co. bonds, 
Rochester & Pittsburgh R.R. Co. bonds, . 
Sandusky, Mansfield & Newark R.R. Co. b'ds, 
St. Louis & San Francisco R'y Co. bonds, 
St. Paul & North Pacific Railway Co. bonds, 
Seaboard & Roanoke R.R. Co. bonds, 
Savannah, Florida & Western R'y Co. bonds, 
Southern Railway Co. bonds, . 
Southern Pacific R.R. Co. bonds, 
Toledo & Ohio Central Railway Co. bonds, 
Toledo Traction Co. bonds, 
Union Pacific R.R. Co. bonds, . 



Par Value. 

$25,000 00 
20,000 00 
40,000 00 
60,000 00 
25,000 00 
19,000 00 
64,000 00 
10,000 00 
35,000 00 
35,000 00 
50,000 00 

2,000 00 
20,000 00 
38,000 00 
10,000 00 
30,000 00 
20,000 00 
10,000 00 
60,000 00 
10,000 00 
35,000 00 
25,000 00 
50,000 00 
15,000 00 
33,000 00 
20,000 00 
35,000 00 
25,000 00 
25,000 00 
47,000 00 
15,000 00 
20,000 00 
30,000 00 

5,000 00 
11,000 00 
28,000 00 
25,000 00 
20,000 00 
51,000 00 
40,000 00 
50,000 00 
35,000 00 
50,000 00 
25,000 00 
24,000 00 
25,000 00 
67,000 00 
25,000 00 
50,000 00 



Market Value. 

827,000 00 
19,000 00 
41,200 00 
69,900 00 
25,500 00 
21,850 00 
72,700 00 
10,800 00 
35,000 00 
45,500 00 
53,500 00 

2,000 00 
18,400 00 
40,400 00 
11,200 00 
33,000 00 
27,000 00 

8,500 00 
60,000 00 
10,000 00 
38,500 00 
26,250 00 
52,500 00 
11,250 00 
33,000 00 
23,200 00 
39,200 00 
30,250 00 
30,250 00 
61,100 00 
16,500 
20,000 00 
51,000 00 

5,000 00 

9,350 00 
26,600 
26,250 
20,400 
62,220 
41,600 00 
61,000 
43,400 
52.500 
26,250 
24,960 
25,500 00 j 
64,940 00 j 
25,000 00 
50,000 00 



NATIONAL FIRE INSURANCE CO. 



305 



Wabash R.R. Co. bonds, . 

West Virginia Cent. & Pittsburgh R'y Co. b'ds 

Galveston city bonds, 

Georgia State bonds, 

Lincoln city bonds, . 

Richmond city bonds, 

Silver City, N. M., bonds, 

Territory of Arizona bonds, 

Brooklyn Wharf & Warehouse Co. bonds, 

Galveston Wharf Co. bonds, . 

School Dist. No. 2, Springw's Tp., Mich., b'ds 

Suffield & Thompsonville Bridge Co. bonds, . 

National Bond & Security Co. bonds, 

45 shares Atchison, Topeka & Santa Fe R.R. 
300 " Belt R.R. & Stock Yard Co., Ind'lis 
200 " Cleveland & Pittsburgh R.R., . 
125 " Chicago, Burlington & Quincy R.R. 
363 " Chicago, Rock Island & Pacific R.R. 
200 " Fort Wayne & Jackson R.R., . 
167 " Illinois Central R.R., 

750 " N. Y., New Haven & Hartford R.R. 
200 " New York & Harlem R.R., . 
500 " N. Y. Central & Hudson River R.R. 
154 " Norfolk & Western R.R., 
150 " Oswego & Syracuse R.R., 
760 " Pennsylvania R.R., . 
100 " Peoria & Bureau Valley R.R., 
200 " Pitts., Fort Wayne & Chicago R.R. 

80 " Southern Railway Co., . 
150 " Union Pacific R.R., . 
250 " iEtna National Bank, 
357 " Charter Oak National Bank, . 

25 " Central National Bank, N. Y., 

46 " City Bank, Hartford, 

100 " Farmers' and Mechanics' N'l Bank 
509 " Hartford National Bank, 
360 " National Exchange Bank, 

75 " Nat'l Bank of the Republic, Boston 

10 " N'l Bank of Commerce, Kan. City 
440 " Phoenix National Bank, . 

70 " St. Paul National Bank, . 

25 " Second National Bank, New Haven 
100 " Thames National Bank, Norwich, 
207 " Hartford City Gas Light Co., . 
500 " Northwestern Telegraph Co., 
425 " Illinois & Mississippi Teleg'ph Co. 

25 " St. Joseph, S. Bend & Southern R.R. 



Par Value. 

$20,000 00 
75,000 00 
25,000 00 
25,000 00 
12,000 00 
50,000 00 
10,000 00 
20,000 00 
50,000 00 
25,000 00 
12,000 00 
28,000 00 
10,000 00 

4,500 00 
15,000 00 
10,000 00 
12,500 00 
36,300 00 
20,000 00 
16,700 00 
75,000 00 
10,000 00 
50,000 00 
15,400 00 

7,500 00 
38,000 00 
10,000 00 
20,000 00 

8,000 00 
15,000 00 
25,000 00 
35,700 00 

2,500 00 

4,600 00 
10,000 00 
50,900 00 
18,000 00 

7,500 00 

1,000 00 
44,000 00 

7,000 00 

2,500 00 
10,000 00 

5,175 00 
25,000 00 
21,250 00 

2,500 00 



Market Value. 

$22,000 00 
82,500 00 
26,000 00 
28,750 00 
12,000 00 
50,000 00 
10,000 00 
20,000 00 
37,500 00 
25,000 00 
12,000 00 
28,000 00 
10,000 00 

2,025 00 
12,500 00 
17,000 00 
14,375 00 
37,389 00 
26,000 00 
17,515 00 
142,500 00 
35,000 00 
59,000 00 

8,470 00 
15,000 00 
44,080 00 
18,000 00 
34,000 00 

3,200 00 

9,000 00 
40,000 00 
32,844 00 

4,000 00 

4,830 00 
11,000 00 
68,715 00 
21,600 00 
12,000 00 

1,000 00 
52,800 00 

4,900 00 

4,125 00 
14,500 00 

8,280 00 
28,000 00 
15,300 00 

1,500 00 



$2,577,525 00 $2,907,868 00 



306 



NATIONAL FIRE INSURANCE CO. 



Summary of Assets Dec 
Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens *) 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Ledger accounts secured, .... 

Gross assets, 

Deduct special deposits in other States, . 



Balance, 



Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Reserve for contingencies, 

Gross liabilities, except capital, 
Deduct liability on special deposits, . 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, .... 

Income. 
Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



31, 1899. 

$327,315 49 

736,040 00 

2,907,868 00 

943 94 

230,672 22 

438,477 18 

4,160 09 



£4,645,476 92 
143,250 00 

$4,502,226 92 



$80,811 96 

114,655 15 

15,390 63 

1,784,168 02 

94,193 37 

58,302 82 

1,421 22 

25,000 00 

$2,173,943 17 
71,917 37 



2,102,025 80 



. $2,400,201 12 
. 1,000,000 00 



$1,400,201 12 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, . 

Profit on sale of real estate, 

Gross cash income, 



$425,680 91 
2,797,574 16 

$3,223,255 07 
438,477 18 

$2,784,777 89 
605,620 91 



sources, 



$2,179,156 98 

45,680 86 

142,136 61 

912 11 

1,400 00 

$2,369,286 56 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$1,274,530 00 

1,034,250 00 

623,385 00 



NATIONAL-STANDARD INSURANCE CO. 



307 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . . — 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



$1,696,454 25 
339,956 82 



$1,356,497 43 
120,000 00 
409,495 04 
190,134 28 
83,036 49 
209,383 65 



Gross cash expenditures, ....... $2,368,546 89 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$353,918,771 00 $3,723,878 47 
288,694,936 00 2,797,574 16 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$642,613,707 00 $6,521,452 63 
252,220,269 00 2,616,649 01 



$390,393,438 00 $3,904,803 62 
48,519,313 00 392,567 59 



$341,874,125 00 $3,512,236 03 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared daring the year (12 per cent.), . 
Company's stock owned by directors, . 



$28,422,963 00 

14,813,556 00 

1,374,824 00 

2,537,000 00 

120,000 00 

86,800 00 



"NATIONAL-STANDARD INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated Feb. 14, 1896. Commenced business Feb. 20, 1896.] 
Paid-up Capital, $200,000. 
E. C. CONVERSE, President. R. BLEECKER RATHBONE, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds $200,000 00 $250,000 00 

New York city bonds, 200,000 00 211,650 00 



$400,000 00 $461,650 00 



308 



NATIONAL-STANDARD INSURANCE CO. 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 

Cash in office, 

Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Bills receivable, 

Gross assets, 



31, 1899. 

$461,650 00 

29 90 

43,882 22 

2,442 75 

42,877 32 

800 49 



1551,682 68 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums, ..... 

Reinsurance, 

Gross liabilities, except capital, . 

Surplus as regards policy holders, . 
Paid-up capital, 



815,703 00 

35,060 50 

625 00 

$51,388 50 
9,516 50 

$41,872 00 

106,036 49 

9,622 01 

3,932 48 

6,871 46 



168,334 44 

$383,348 24 
200,000 00 



Surplus over capital, $ 183,348 24 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Marine premiums on risks written or renewed, 
Less reinsurance and return premiums, . 
Net cash marine premiums received, 
Interest and dividends received from all sources, 
Profit on sale of bonds, ..... 



$36,332 09 
289,305 70 

$325,637 79 
42,877 32 

|282,760 47 
102,937 63 

$157 96 
120 58 



$179,822 84 



37 38 
16,645 62 
28,891 94 



Gross cash income, $225,397 78 



NEWARK FIRE INSURANCE CO. 



309 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 
for salaries of officers, 
for State and local taxes, 
for incidentals, .... 



$227,451 50 
84,331 91 

$36,715 33 
20,649 09 



Gross cash expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



. $24,177,690 00 
. 31,458,175 00 



Total, $55,635,865 00 



Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1898, 
Deduct risks expired and terminated, 



. 28,123,281 00 

. $27,512,584 00 
. 5,948,801 00 



$143,119 59 



16,066 24 

24,000 00 

52,402 56 

3,105 00 

8,023 20 

2,493 05 

$249,209 64 

Premiums. 

$233,878 92 
289,305 70 

$523,184 62 
265,971 10 

$257,213 52 
53,478 21 



$21,563,783 00 $203,735 31 



$574,875 00 
574,875 00 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, . 



$22,023 27 
22,023 27 



$869,502 00 

468,458 00 

162,950 00 

78,000 00 

24,000 00 

92,000 00 



" NEWARK FIRE INSURANCE COMPANY," NEWARK, N. J. 

[Incorporated May 14, 1810. Commenced business May 14, 1810.] 

Paid-up Capital, $250,000. 

JOHN J. HENRY, President. EDWARD E. HORSCHEL, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $38,000 00 $43,020 00 

West Shore R.R. bonds, 48,000 00 53,360 00 

Orange & Newark H. C. R.R. bonds, . . 25,000 00 27,000 00 

Newark & Irvington Street R.R. bonds, . . 2,000 00 2,000 00 



310 



NEWARK FIRE INSURANCE CO. 



Newark & Bloomfield Street R.R. bonds, 
Essex Passenger R.R. bonds, . 
Hoboken Land & Improvement bonds, . 
Essex County bonds, .... 

Newark Gas Co. bonds, .... 
Morris & Essex R.R. stock, 
Underwriters 1 Protective Association bonds, 
Newark city water bonds, 
National State Bank stock, 
National Newark Banking Co. stock, 
Newark City National Bank stock, . 
Elizabeth city bonds, .... 



Summary of Assets Dec. 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for fire risks, 
Rents due and accrued, .... 
Prem's more than three mos. due, . $2,039 17 
Gross assets, 

Liabilities. 



Par Value. 

$2,000 00 

5,000 00 

25,000 00 

25,000 00 

10,000 00 

20,000 00 

1,000 00 

4,000 00 

15,900 00 

7,700 00 

14,250 00 

15,000 00 



Market Value. 

$2,000 00 

5,400 00 

26,250 00 

27,500 00 

13,500 00 

36,000 00 

1,000 00 

4,400 00 

27,030 00 

14,630 00 

24,225 00 

15,000 00 



$257,850 00 $322,315 00 

31, 1899. 

$87,700 00 

248,230 00 

3,427 32 

322,315 00 

1,051 20 

11,338 47 

3,221 65 

15,682 95 

595 00 

37 50 

$693,599 09 



Losses adjusted, unpaid, . 


$2,546 13 




Losses claimed and reported, . 


13,452 71 




Total amount of losses, 


$15,998 84 




Less reinsurance, .... 


2,535 12 




Net amount of unpaid losses, . 


$13,463 72 




Unearned premiums on outstanding risks 


103,234 04 




Dividends to stockholders unpaid, . 


6,682 35 




Due and accrued for rent, salaries, etc., 


473 35 




Commissions and brokerage, . 


3,607 07 




Reinsurance, 


592 57 




Gross liabilities, except capital, 




128,053 10 




Surplus as regards policy holders, . 


$565,545 99 




. . . • 


250,000 00 


Surplus over capital, . 


$315,545 99 






00 






00 


Amount of insurance held as collateral, 


350,650 00 



NEWARK FIRE INSURANCE CO. 



311 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, 

Xet collected, 

Premiums on risks written or renewed, . 



$20,327 32 
1,147 48 

$19,179 84 
145,567 35 



Total, $ 164,747 19 

Premiums now in course of collection, . . 17,722 12 



Entire premiums collected, .... $147,025 07 
Less reinsurance and return premiums, . . 25,604 24 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, 



$121,420 83 

13,298 44 

14,630 76 

2,296 67 



Gross cash income, $151,646 70 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, . . 

Net cash paid for fire losses, .... 

Cash dividends paid, . . . • . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for expense on real estate, 

for incidentals, .... 

Gross cash expenditures, .... 



$87,413 14 
4,643 91 



$82,769 23 
24,921 00 
23,543 09 
20,874 21 
5,736 51 
693 04 
13,804 73 

$172,341 81 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1898, . .$25,245,629 00 $218,011 65 



Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. 18,240,784 00 145,567 35 



. $43,486,413 00 $363,579 00 
. 16,062,164 00 148,168 96 



.$27,424,249 00 $215,410 04 
. 1,732,736 00 13,734 67 



. $25,691,513 00 $201,675 37 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . 



$5,379,297 00 

2,634,661 00 

86,276 00 

865,780 00 

25,000 00 

24,795 00 



312 



NEW HAMPSHIRE FIRE INSURANCE CO. 



" NEW HAMPSHIRE FIRE INSURANCE COMPANY," 
MANCHESTER, N. H. 

[Incorporated 1869. Commenced business April, 1870.] 

Paid-up Capital, $1,000,000. 

U. C. CROSBY, President. F. F. SARGEANT, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States government bonds, . . . $100,000 00 $112,250 00 

City of Cleveland, O., bonds, .... 50,000 00 51,000 00 

City of Columbus, O., bonds, .... 10,000 00 10,600 00 

City of Ashtabula, O., bonds, .... 7,000 00 7,000 00 

City of Dayton, O., bonds, .... 2,000 00 2,000 00 

City of Salem, Mass., bonds, .... 10,000 00 10,000 00 

City of East Portland, Ore., bonds, . . . 25,000 00 30,000 00 

City of Seattle, Wash., bonds, .... 10,00000 10,00000 

City of Lincoln, Neb., bonds 16,000 00 16,000 00 

City of Moorhead, Minn., bonds, . . . 6,000 00 6,000 00 

City of Augusta, Me., bonds, .... 4,000 00 4,000 00 

Central R.R. Co. of New Jersey bonds, . . 30,000 00 35,550 00 

Watertown & Rome R.R. bonds, . . . 10,000 00 11,000 00 

Holly, Wayne & Monroe R'y Co. bonds, . . 25,000 00 26,000 00 

Maine Central R.R. bonds, .... 10,000 00 10,000 00 

New York & New England R.R. bonds, . . 20,000 00 22,500 00 

Boston, Concord & Montreal R.R. bonds, . 50,000 00 60,000 00 

Concord & Montreal R.R. bonds, . . . 140,000 00 148,400 00 

Fitchburg R.R. bonds 40,000 00 41,600 00 

Atchison, Topeka & Santa Fe R.R. bonds, . 50,000 00 49,000 00 

Chicago, Burlington & Quincy R.R. bonds, . 55,000 00 59,500 00 

Union Pacific R.R. bonds, 10,000 00 10,400 00 

Oregon Short Line R.R. bonds, . . . 20,000 00 23,700 00 

Michigan Central R.R. Co. bonds, . . . 35,000 00 38,500 00 

Montana Central R.R. bonds, .... 25,000 00 28,750 00 

Lehigh Valley Terminal R'y Co. bonds, . . 25,000 00 27,500 00 

Utah & Northern R.R. bonds, .... 12,000 00 14,640 00 

West End Street R'y Co. bonds, . . . 5,000 00 5,200 00 

Hillsborough County, N. H., bonds, . . . 15,000 00 15,000 00 

Adams Express Co. bonds 25,000 00 25,000 00 

Minneapolis Gas Light Co. bonds, . . . 20,000 00 20,000 00 

Central Loan & Land Co. bonds, . . . 18,000 00 13,500 00 

National Loan & Trust Co. bonds, . . . 10,000 00 7,500 00 

Nashua Card & Glazed Paper Co. bonds, . 10,000 00 10,000 00 

Grand Forks Gas & Electric Co. bonds, . . 5,000 00 5,000 00 

Minneapolis General Electric Co. bonds, . . 25,000 00 25,000 00 

Swift & Co., Chicago, bonds 25,000 00 25,500 00 

New England Cotton Yarn Co. bonds, . . 22,000 00 22,880 00 

Pennsylvania R.R. Co. stock, .... 50,000 00 62,500 00 



NEW HAMPSHIRE FIRE INSURANCE CO. 



313 



Suncook Valley R.R. stock, . 
New York Central & Hudson River R.R. stock, 
N. Y., New Haven & Hartford R.R. stock, 
Norwich & Worcester R.R. stock, 
Pemigewasset Valley R.R. stock, 
Boston & Albany R.R. stock, . 
Boston & Maine R.R. stock, 
Concord & Montreal R.R. stock, 
Delaware & Hudson Canal Co. stock, 
Maine Central R.R. stock, 
Northern R.R., N. H., stock, 
Fitchburg R.R. stock, 
Pittsburg, Fort Wayne & Chicago R.R. stock, 
Chicago, Burlington & Quincy R.R. stock, 
Illinois Central R.R. stock, 
Chicago, Rock Island & Pacific R.R. stock, 
Chic. June. R'ys & Union Stock Yards Co. stock 
Chicago & Northwestern R.R. stock, 
Chicago, Milwaukee & St. Paul R.R. stock, 
Merchants' N'l B'k, Manchester, N. H., stock, 
Pemigewasset N'l B'k, Plymouth, N. H., stock 
Berlin National Bank, Berlin, N. H., stock, 
First Nat'l Bank, Peterborough, N. H., stock, 
First National Bank, Concord, N. H., stock, 
Laconia National Bank, Laconia, N. H., stock, 
Lancaster Nat'l Bank, Lancaster, N. H., stock 
Lancaster Trust Co., Lancaster, N. H., stock, 
Exeter Banking Co., Exeter, N. H., stock, 
Amoskeag Mfg. Co., Manchester, N. H., stock 
Amory Mfg. Co. stock, .... 
Manchester Mills, Manchester, N. H., stock, 
Stark Mills, Manchester, N. H., stock, 
Quincy R.R. Bridge Co. stock, . 
Pullman Palace Car Co. stock, . 
Manchester, N. H., Gas Light Co. stock, 
American Express Co. stock, . 
Adams Express Co. stock, 

Securities held as collateral for cash loans 

250 shares Swift Refrig. Transportation Co., 

426 " Exeter Mfg. Co., 

Exeter Mfg. Co. bonds, .... 

Mortgage note, 

110 shares Chic, Burlington & Quincy R.R., 
100 " Boston & Albany R.R., . 
127 " Concord & Montreal R.R., 



Par Value. 

$4,000 00 

50,000 00 

40,000 00 

5,000 00 

26,000 00 

20,000 00 

30,000 00 

37,500 00 

30,000 00 

10,000 00 

13,000 00 

10,000 00 

20,000 00 

77,400 00 

50,000 00 

22,000 00 

20,000 00 

40,000 00 

20,000 00 

13,000 00 

6,000 00 

2,500 00 

5,000 00 

8,000 00 

1,700 00 

5,000 00 

2,500 00 

1,000 00 

10,000 00 

5,000 00 

34,400 00 

10,000 00 

20,000 00 

30,000 00 

2,000 00 

10,000 00 

10,000 00 



Market Value. 

$4,800 00 

62,500 00 

80,000 00 

10,000 00 

32,500 00 

48,000 00 

53,000 00 

71,250 00 

33,000 00 

16,000 00 

20,800 00 

11,500 00 

35,000 00 

89,010 00 

52,500 00 

22,000 00 

25,000 00 

60,000 00 

27,000 00 

16,250 00 

7,800 00 

3,125 00 

6,500 00 

24,000 00 

1,700 00 

6,000 00 

2,500 00 

1,100 00 

16,000 00 

6,000 00 

34,400 00 

10,000 00 

38,000 00 

52,500 00 

12,000 00 

13,500 00 

11,000 00 



$1,728,000 00 $2,119,205 00 



Market Value. Loaned Thereon 



$32,500 00 
21,300 00 
12,000 00 
4,000 00 
13,200 00 
24,000 00 
24,130 00 



$25,000 0C 
25,000 00 

3,300 00 
11,000 00 
20,000 00 
20,000 00 



$131,130 00 $104,300 00 



314 NEW HAMPSHIRE FIRE INSURANCE CO. 



Summary of Assets Dec. 31, 1899. 
Cash value of unencumbered real estate, . $140,096 32 
Loans on mortgage of real estate (first liens *), 668,457 75 
Stocks and bonds, as per schedule, . . . 2,119,205 00 
Loans on collateral security, as per schedule, . 104,300 00 
Cash in the office of the company, . . . 375 66 

Cash deposited in bank, 109,939 34 

Premiums in course of collection (gross), . 218,934 89 

Gross assets, $3,361,308 96 

Deduct guaranty fund, 3,000 00 



Balance, $3,358,308 96 

Liabilities. 

Losses adjusted, unpaid, $65,103 89 

claimed and reported, .... 84,765 00 

disputed or resisted, .... 7,800 00 

Unearned premiums on outstanding risks, . 1,129,778 64 

Commissions and brokerage, .... 54,733 72 

Reinsurance, 43,800 45 

Gross liabilities, except capital, . . 1,385,981 70 



Surplus as regards policy holders, $1,972,327 26 

Paid-up capital, 1,000,000 00 



Surplus over capital, $972,327 26 

Income. 

Fire premiums outstanding Dec. 31, 1898, . $187,623 38 
Premiums on risks written or renewed, . . 1,581,194 56 



Total, $1,768,817 94 

Premiums now in course of collection, . . 218,934 89 



Entire premiums collected, .... $1,549,883 05 
Less reinsurance and return premiums, . . 352,405 74 

Net cash fire premiums received, . . . ■ §1,197,477 31 

Interest received on mortgages, 34,812 70 

Interest and dividends received from all other sources, . . 105,458 01 

Income from rents, etc., 21,679 69 



Gross cash income, $1,359,427 71 

* Value of lands mortgaged, $705,942 00 

Value of buildings thereon 925,450 00 

Amount of insurance held as collateral, .... 584,450 00 



NEW YORK FIRE INSURANCE CO. 



315 






Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . . - 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



$855,818 16 
122,535 86 



$733,282 30 

100,000 00 

268,844 14 

59,273 61 

50,006 86 

74,123 40 



Gross cash expenditures, $1,285,530 31 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 



$152,655,251 00 
144,652,453 00 

$297,307,704 00 
119,061,150 00 

$178,246,554 00 
8,576,820 00 



Premiums. 

$2,020,230 05 
1,581,194 56 

$3,601,424 61 
1,349,894 17 

$2,251,530 44 

85,074 77 



Net amount in force, . 



$169,669,734 00 $2,166,455 67 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), . 

Company's stock owned by directors, .... 






$16,713,337 00 

8,947,865 00 

763,205 00 

1,173,000 00 

100,000 00 

243,600 00 



" NEW YORK FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April 18, 1832. Commenced business Dec. 22, 1832.] 

Paid-up Capital, $200,000. 

AUGUSTUS COL80N, President. CHARLES A. HULL, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

. $200,000 00 $226,000 00 

10,000 00 21,000 00 



United States bonds, 

N. Y., New Haven & Hartford R.R. stock, 



$210,000 00 $247,000 00 



316 



NEW YORK FIRE INSURANCE CO. 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



31, 1899. 

$100,000 00 

247,000 00 

46,203 60 

833 33 

31,580 12 

54 17 



$425,671 22 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$6,824 33 

25,047 06 

625 00 

128,907 33 

1,014 47 

5,684 42 

261 03 



168,363 64 

£257,307 58 
200,000 00 



Surplus over capital, $ 57, 307 58 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1898, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 
Less reinsurance and return premiums, . 
Net cash marine premiums received, 
Interest and dividends received from all other 
Income from rents, 



Gross cash income, 



$24,084 22 
199,837 79 

$223,922 01 
25,422 61 

$198,499 40 
41,731 95 

$3,425 71 
55,297 78 

$58,723 49 
6,157 51 

$52,565 98 
4,891 46 

sources, . 



$156,767 45 



47,674 52 

17,812 19 

1,992 90 

$224,247 06 



NEW YORK FIRE INSURANCE CO. 



317 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



$143,919 85 
5,993 41 

$60,435 33 
218 67 



Gross cash expenditures, . 



$137,926 44 



60,216 66 
12,000 00 
34,914 02 
24,563 19 
5,228 48 
12,563 15 

$287,411 94 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 



$18,098,438 00 
27,964,315 00 



Premiums. 

$140,187 85 
199,837 79 



$46,062,753 00 $340,025 64 
25,109,000 00 173,552 40 



$20,953,753 00 $166,473 24 
909,068 00 8,823 36 



$20,044,685 00 $157,649 88 

$1,805,973 00 $51,303 30 
2,244,250 00 55,297 78 



$4,050,223 00 $106,601 08 
2,473,308 00 59,715 37 



,576,915 00 $46,885 71 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Marine and inland losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (6 per cent.), . 

Company's stock owned by directors, . 



$5,988,622 00 

2,774,925 00 

136,991 00 

46,060 00 

1,490,000 00 

12,000 00 

64,900 00 



318 



NIAGARA FIRE INSURANCE CO. 



"NIAGARA FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated July, 1850. Commenced business August, 1850.] 
Paid-up Capital, $500,000. 
HAROLD IIERRICK, President. GEORGE W. DEWEY, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $100,000 00 $ 123,875 00 

Territory New Mexico bonds, .... 10,000 00 12,000 00 

New York city school bonds, .... 200,000 00 200,000 00 

New York city water bonds, .... 60,00000 60,< 00 00 

Additional water b'ds of the city of New York, 100,000 00 100,000 00 

Corporation bonds of the city of New York, . 25,000 00 27,-406 25 

Jersey City bonds, 10,000 00 10,850 00 

County of Essex, N. J., park bonds, . . 20,000 00 20,70u 

Albany & Susquehanna R.R. bonds, . . . 23,000 00 27,560 00 

Chicago, Milwaukee & St. Paul Railway bonds, 25,000 00 29,750 00 

Morris & Essex Railway Co. bonds, . . 21,000 00 29,085 00 

New York & New England Railway Co. bonds, 10,000 00 11,800 00 

Wabash Railway Co. bonds, .... 20,000 00 22,800 00 

Chic, St. Paul, Minn. & Omaha R'y Co. b'ds, 15,000 00 20,100 00 

N. Y. Central & Hudson River R.R. bonds, . 5,000 00 5,650 00 

Columbus & Toledo Railway bonds, . . 10,000 00 11,400 00 

Chicago & Erie Railway Co. bonds, . . 20,000 00 22,800 00 

Northern Pacific Railway Co. bonds, . . 42,500 00 39,025 00 

Atchison, Topeka & Santa Fe R.R. bonds, . 25,000 00 24,750 00 

Denver & Rio Grande R.R. Co. bonds, . . 15,000 00 14,700 00 

Chicago Terminal Transfer Co. bonds, . . 15,000 00 14,100 00 

Union Pacific Railroad bonds, .... 30,000 00 31,200 00 

Read. Co. & The Phila.& Read. Coal & Iron Co. b'ds, 20,000 00 17,200 00 

Baltimore & Ohio Railway Co. bonds, . . 50,000 00 48,250 00 

Norfolk & Western Railway Co. bonds, . . 25,000 00 22,500 00 

Central Pacific Railroad bonds, . . . 50,000 00 49,0o0 00 

Chateguay Ore & Iron Co. bonds, . . . 25,000 00 12,500 00 

St. Paul (Minn.) Gas Light Co. bonds, . . 15,000 00 17,400 00 

Brooklyn Union Gas Co. bonds, . . . 10,000 00 11,600 00 

Town of Lake (111.) Gas Co. bonds, . . 20,000 00 24,000 00 

Equitable Gas Light Co. of Chicago bonds, . 25,000 00 26,250 00 

American Dock Improvement bonds, . . 10,000 00 11,500 00 

Lehigh & Wilkes-Barre Coal Co. bonds, . . 20,000 00 20,000 00 

Lehigh Coal & Navigation Co. bonds, . . 25,000 00 26,500 00 

1,000 shares Lehigh Coal & Navigation Co., . 50,000 00 44,500 00 

600 " Chicago & Northwestern Railway, 60,000 00 96,300 00 

300 " New York, Lack. & West. R'y, . 30,000 00 40,500 00 

1,400 " Chic, Milwaukee & St. Paul R.R., 140,000 00 176,000 00 

700 " Central Railroad of New Jersey, 70,000 00 83,037 



NIAGARA FIRE INSURANCE CO. 



319 



1,000 shares Northern Pacific Railroad, . 

1,000 " Union Pacific Railroad, 

100 " Pitts., Ft. Wayne & Chicago R.R., 

100 " Rensselaer & Saratoga Railroad, . 

200 " Cleveland & Pittsburgh Railroad, 

1,000 " Pennsylvania Railroad, 

400 " Morris & Essex Railroad, . 

350 " American Exchange National B'k, 

50 " Western National Bank, 



Par Value. 

$100,000 00 
100,000 00 
10,000 00 
10,000 00 
10,000 00 
50,000 00 
20,000 00 
35,000 00 
5,000 00 



Market Value. 

$74,500 00 
75,000 00 
19,000 00 
19,500 00 
19,000 00 
65,250 00 
37,000 00 
66,500 00 
16,250 00 



$1,786,500 00 $1,978,588 75 



Summary of Assets Dec. 31, 1899. 

Loans on mortgage of real estate (first liens *), $448,300 00 

Interest due or accrued thereon, . . . 7,727 90 

Stocks and bonds, as per schedule, . . . 1,978,588 75 

Cash in the office of the company, . . . 541 29 

Cash deposited in bank, 55,230 91 

Interest due and accrued, 9,026 65 

Premiums in course of collection (gross), . 239,465 78 

Rents due and accrued, 2,016 50 

Gross assets,f .... 
Deduct special deposits in other States, 



Balance, $2,605,022 78 



$2,740,897 78 
135,875 00 



Liabilities. 

Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, . 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



$81,780 49 

104,664 10 

10,312 96 

$196,757 55 
34,246 89 

$162,510 66 

1,267,816 01 

37,043 31 

19,120 07 

37,073 94 

$1,523,563 99 
10,221 64 



1,513,342 35 

$1,091,680 43 
500,000 00 

$591,680 43 



* Value of property mortgaged $508,450 00 

Amount of insurance held as collateral 240,000 00 

t Including $250,000 special reserve held under New York laws. 



320 



NIAGARA FIRE INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, 



Total 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 



Gross cash income, 



other 



1223,911 04 
2,091,766 38 

$2,315,677 42 
239,465 78 

$2,076,211 64 
535,836 51 



sources, . 



$1,540,375 13 
12,318 46 
61,705 52 
14,397 68 

$1,628,796 79 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employe 
for State and local taxes, 

for rents, 

for incidentals, 

Gross cash expenditures, . 



$1,182,631 82 
183,250 80 



es, 



$999,381 02 

50,030 00 

283,797 10 

153,997 40 

42,385 74 

20,575 49 

118,136 98 

$1,668,303 73 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$294,108,678 00 $2,671,038 80 
216,026,854 00 2,091,766 38 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



$510,135,532 00 $4,762,805 18 
199,524,906 00 1,945,652 31 



£310,610,626 00 $2,817,152 87 
41,199,338 00 358,500 03 



$269,411,288 00 $2,458,652 84 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$42,871,829 00 

23,628,132 00 

1,029,059 00 

2,584,000 00 

50.000 00 

160,700 00 



THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 321 



"THE NORTH BRITISH AND MERCANTILE INSURANCE 
COMPANY OF NEW YORK," NEW YORK, N. Y. 

[Incorporated In 1897. Commenced business Oct. 1, 1897.] 
Paid-up Capital, $200,000. 



E. G. RICHARDS, President. 



J 'l'Z A Z l ^ ai \^etaries. 
PERRY DEAN. > 



Detailed Statement of Stocks and Bonds. 



United States bonds, . 
New York State bonds, . 
City of Brooklyn bonds, . 
New York city bonds, 
Pennsylvania Company bonds, 



Par Value. 

$50,000 00 
50,000 00 
50,000 00 
50,000 00 
61,000 00 



Market Value. 

$56,500 00 
50,750 00 
54,375 00 
50,000 00 
68,320 00 



$261,000 00 $279,945 00 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, 
Prem's more than three mos. due, . $726 70 
Gross assets, 



31, 1899. 

$279,945 00 

15,495 90 

3,297 50 

3,971 63 

530 42 



$303,240 45 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid up capital, .... 



$691 33 

2,496 30 

}3,187 63 

2,866 63 

$321 00 

6,017 43 

1,002 99 



7,341 42 

$295,899 03 
200,000 00 



Surplus over capital, $95,899 03 



322 THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest and dividends received from all sources, 
Income from all other sources, 



$11,057 98 
88,522 49 

$99,580 47 
4,698 33 

$94,882 14 
91,881 28 



$3,000 86 
9,9. 
8,908 06 



Gross cash income, $21,857 15 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



Gross cash expenditures, $57,236 76 



$76,611 31 




29,574 61 






$47,036 70 




. 


7,90- 66 


. 


135 71 


. 


1,481 78 


. 


613 91 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1898, . . $9,849,851 00 $81,152 69 



Fire risks written during 1899, 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. 11,655,534 00 88,522 49 



.$21,505,385 00 $169,675 18 
. 13,453,008 00 101,796 26 



. $8,052,377 00 $67,^78 92 
. 6,546,404 00 56,561 36 



. $1,505,973 00 $11,317 56 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, . . • . 



?77,997 00 
76,31" 
36,485 00 
5,500 00 



THE [NORTH GERMAN FIRE INSURANCE CO. 



323 



"THE NORTH GERMAN FIRE INSURANCE COMPANY OF 
NEW YORK," NEW YORK, N. Y. 

[Incorporated May 17, 1899. Commenced business June 15, 1899.] 

Paid-up Capital, $200,000. 

C. PERGER, President. E. HARBERS, Secretary. 



Detailed Statement 

Atchison, Topeka & Santa Fe R.R. bonds, 
Union Pacific R.R. bonds, . 
Denver & Rio Grande R.R. bonds, 
Lake Erie & Western R.R. bonds, 
Chicago, Milwaukee & St. Paul R.R. bonds, 
Chesapeake & Ohio R.R. bonds, 
Northern Pacific R.R. bonds, . 
Central R.R. of New Jersey bonds, 
Oregon R'y & Navigation Co. bonds, 



of Bonds. 

Par Value. 

|15,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 



Market Value. 

$14,775 00 

25,625 00 

24,125 00 

29,500 00 

29,500 00 

28,666 67 

25,687 50 

29,250 00 

25,166 67 



Summary of Assets Dec 

Bonds, as per schedule, .... 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, ..... 

Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Commissions and brokerage, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$215,000 00 $232,295 84 

31, 1899. 

$232,295 84 

20,219 85 
3,566 66 
26,885 14 
$282,967 49 



Surplus over capital, 



$4,400 07 

26,885 14 

500 00 

8,801 23 



40,586 44 

$242,381 05 

200,000 00 

$42,381 05 



Income. 

Premiums on risks written or renewed, . . $58,104 04 

Premiums now in course of collection, . . 28,300 43 

Entire premiums collected, .... $29,803 61 

Less reinsurance and return premiums, . . 9,478 58 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 



$20,325 03 
5,878 53 



Gross cash income, $26,203 56 



324 



THE NORTH RIVER INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



£4,025 85 
347 70 



Gross cash expenditures, 



Risks and Premiums. 



Fire risks written during 1899, 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. f5,839,682 00 
989,534 00 

. f4,850,148 00 
2-45,568 00 



|3,678 15 

5,958 04 

1,513 96 

491 86 

2,918 21 

114,560 22 



Premiums. 

$58,104 04 
7,590 65 

150,513 39 

2,198 06 



. $4,604,580 00 $48,315 33 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$20,325 00 

3,678 00 

8,078 00 

50,500 00 



" THE NORTH RIVER INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated Feb. 6, 1822. Commenced business March 6, 1822.] 

Paid-up Capital, $350,000. 

WM. E. HUTCniNS, President. FREDERICK H. CRUM, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

District of Columbia bonds, .... $75,000 00 |90,750 00 

United States bonds 125,000 00 143,312 50 

New York city bonds, 387,500 00 393,452 50 



$587,500 00 |627,515 00 



Summary of Assets Dec. 31, 1899. 

Loans on mortgage of real estate (first liens *), $78,400 00 

Interest due or accrued thereon, . . . 1,679 82 

Stocks and bonds, as per schedule, . . . 627,515 00 

Cash deposited in bank 83,627 28 

Interest due and accrued, 2,212 07 



* Value of lands mortgaged, . 
Value of buildings tbereon, . 
Amount of insurance held as collateral, 



$155,900 00 
94,100 00 
84,975 00 



THE NORTH RIVER INSURANCE CO. 



325 



Premiums in course of collection (gross), 
Reinsurance due on losses paid, 
Prem's more than three mos. due, . $832 98 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 

Losses claimed and reported, . 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, . 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 



Gross cash income, 



Expenditures 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, . 



$57,742 24 
3 94 



81,721 82 
30,735 03 

$32,456 85 
1,085 76 

$31,371 09 

197,714 64 

2,545 75 

11,548 45 

2,836 65 

756 82 



55,389 24 
1,171 80 



t,217 44 
364,789 35 

$399,006 79 
58,575 22 

$340,431 57 
68,462 63 



sources, 



$195,428 89 
17,154 49 



$851,180 35 



246,773 40 

$604,406^95 
350,000 00 

$254,406 95 



$271,968 94 

3,916 06 

23,880 17 

$299,765 17 



$178,274 40 
27,870 75 
71,683 78 
27,339 94 
1,750 50 
15,623 79 

$322,543 16 



326 



NORTHERN INSURANCE CO. OF NEW YORK. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



$37,907,349 00 
48,970,720 00 

$86,878,069 00 
38,380,821 00 

$48,497,248 00 
1,285,624 00 



Premiums. 

8297,642 03 
364,789 35 

$662,431 38 
288,000 62 

$374,430 76 
8,479 67 



$47,211,624 00 $365,951 09 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



$5,800,669 00 

2,513,766 00 

182,879 00 

2,668,750 00 

28,000 00 

85,125 00 



"NORTHERN INSURANCE COMPANY OF NEW YORK," NEW 

YORK, N. Y. 

[Incorporated Oct. 22, 1897. Commenced business Oct. 25, 1897] 

Paid-up Capital, $200,000. 

LEANDER N. LOVELL, President. JAMES MARSHALL, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. 

New York city bonds, $125,000 00 

United States bonds, 

West Shore R.R. bonds, .... 
200 shares Del., Lackawanna & West. R.R., 
Pennsylvania R.R. stock, .... 



60,000 00 

25,000 00 

10,000 00 

525 00 



Market Value. 
$133,125 00 

67,950 00 

28,000 00 

17,800 00 

525 00 



Summary of Assets Dec 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Due from Palatine Insurance Company, . 
Gross assets, 



$220,525 00 §2-47,400 00 

31, 1899. 

$247,400 00 

1,544 17 

15,608 24 

724 16 

28,555 53 

5,388 72 

$299,220 82 



Liabilities. 



Losses claimed and reported, 
Less reinsurance, 

Net amount of unpaid losses, 



$70,321 99 
33,638 97 

$36,683 02 



NORTHERN INSURANCE CO. OF NEW YORK. 



327 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$28,555 53 

13,566 96 

3,987 90 

2,950 00 



$85,743 41 

$213,477 41 
200,000 00 



Surplus over capital, . 



,477 41 






Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 

Total, . 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 
Received for calls on capital, .... $40,000 00 



),575 13 
539,344 94 

$609,920 07 
34,900 41 

$575,019 66 
333,631 29 



$241,388 37 
12,315 51 



Gross cash income, $253,703 88 



Expenditures. 

Cash paid for fire losses, . . . • . 
Deduct salvage and reinsurance, . • . 
Net cash paid for fire losses, . 
Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

I for salaries of officers, 

for State and local taxes, 



$338,777 85 
72,556 60 



Gross cash expenditures, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. $27,567,475 00 
. 53,934,494 00 



.$81,501,969 00 
. 41,640,785 00 

.$39,861,184 00 
. 34,010,584 00 



$266,221 25 

6,000 00 

131,501 91 

310 22 

4,625 65 

3,010 68 

$411,669 71 



Premiums. 

$271,834 15 
539,344 94 

$811,179 09 
416,407 85 

$394,771 24 
340,105 84 



$5,850,600 00 $54,665 40 



328 



NORTHWESTERN NATIONAL INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (3 per cent.), . 
Company's stock owned by directors, .... 



$690,984 00 

380,288 00 

281,245 00 

12,000 00 

6,000 00 

61,000 00 



"NORTHWESTERN NATIONAL INSURANCE COMPANY OF 
MILWAUKEE, WISCONSIN," MILWAUKEE, WIS. 

[Incorporated Feb. 20, 1869. Commenced business July 1, 1869.] 

Paid-up Capital, $600,000. 

ALFRED JAMES, President. A. F. JAMES, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, $200,000 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 150,000 00 

Milwaukee, L. S. & Western R.R. bonds, . 50,000 00 

Chicago & Northwestern R.R. bonds, . . 100,000 00 

Milwaukee & Northern Railway bonds, . . 50,000 00 

Chicago, Burlington & Quincy R.R. bonds, . 50,000 00 

Atchison, Topeka & Santa Fe R'y bonds, . 100,000 00 

Southern R'y Co. bonds, 100,000 00 

Union Pacific R'y bonds, . . . . . 100,000 00 

Northern Pacific R'y Co. bonds, . . . 100,000 00 

Pittsburgh, C, C. & St. L. R'y bonds, . . 50,000 00 

Milwaukee city bonds, 96,000 00 

Chicago Sanitary District bonds, . . . 50,000 00 

Waukesha sewerage bonds, .... 30,000 00 

Baltimore & Ohio R'y bonds, .... 100,000 00 



Market Value. 

$228,000 00 

167,000 00 

66,000 00 

108,000 00 

59,000 00 

55,000 00 

97,000 00 

106,000 00 

103,000 00 

101,000 00 

52,500 00 

100,520 00 

52,500 00 

31,500 00 

95,500 00 



§1,326,000 00 £1,422,520 00 



Summary of Assets Dec. 31, 1899. 

Loans on mortgage of real estate (first liens *), $979,156 67 

Interest accrued thereon, 7,527 30 

Stocks and bonds, as per schedule, . . . 1,422,520 00 

Cash in the office of the company, . . . 8,155 79 

Cash deposited in bank, 144,797 95 

Interest accrued, 3,999 99 

Premiums in course of collection (gross), . 180,988 63 

Gross assets, 82,747,146 33 

* Value of lands mortgaged, $-2,217,730 00 

Value of buildings thereon 1,722,617 00 

Amount of Insurance held as collateral, .... 923,800 00 






NORTHWESTERN NATIONAL INSURANCE CO. 



329 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 

Miscellaneous, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Profit on sale of ledger assets, 



Gross cash income, 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 
for salaries of officers and 
for State and local taxes, 
for rents, .... 
for incidentals, 

Gross cash expenditures, . 



employees 



$5,488 04 

39,866 92 

5,979 64 

$51,334 60 
2,048 41 

$49,286 19 

1,172,458 01 

45,247 15 

5,578 64 

58 23 

2,177 54 



$1,274,805 76 

$1,472,340 57 
600,000 00 

$872,340 57 



$187,380 90 
431 84 

$186,949 06 
1,152,508 99 

^1,339,458 05 
180,988 63 

^1,158,469 42 
204,461 06 



sources, . 



$954,008 36 

48,034 64 

63,978 25 

52,930 83 

1,118,952 08 



$515,888 22 
14,253 74 



$501,634 48 
78,000 00 
221,269 24 
112,092 78 
34,386 26 
11,783 00 
53,034 32 

$1,012,200 08 



330 



NORAVALK FIRE INSURANCE CO. 



Risks and Premiums. 

Premium*. 

Fire risks outstanding Dec. 31, 1898, . $223,722,48-4 00 $2,312,611 19 

115,412,419 00 1,152,508 99 



Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



$339,134,903 00 $3,465,120 18 
97,953,633 00 1,039,060 16 



1241,181,270 00 £2,426,060 02 
17,013,304 00 166,703 84 



$224,167,966 00 $2,259,356 18 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (13 per cent.), 
Company's stock owned by directors, .... 



$15,963,234 00 
7,938,247 00 
475,544 00 
1,497,000 00 
78,000 00 
304,900 00 



" NORWALK FIRE INSURANCE COMPANY, 1 ' NORWALK, CONN. 

[Incorporated 1859. Commenced business May, I860.] 

Paid-up Capital, $200,000. 

ARCHIBALD Q. MclLWAINE, Jb., President. FERRIS E. SHAW, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, 
State of Connecticut bonds, 



New Britain, Conn., bonds, 

New London, Conn., bonds, 

Norwalk, Conn., bonds, . 

South Norwalk, Conn., bonds, 

Willimantic, Conn., bonds, 

Central R.R. of New Jersey bonds, 

Chesapeake & Ohio R.R. Co. bonds, 

Chicago, Burlington & Quincy R.R. Co. bonds 

Chicago & Erie R.R. Co. bonds, 

Chic, Milwaukee & St. Paul R'y Co. bonds, 

Illinois Central R.R. Co. bonds, 

Lehigh Valley Terminal R.R. Co. bonds, 

Mil., Lake Shore & West. R.R. Co. bonds, 



$125,000 00 

5,000 00 

25,000 00 

5,000 00 

25,000 00 

25,000 00 

20,000 00 

40,000 00 

7,500 00 

5,000 00 

10,000 00 

15,000 00 

25,000 00 

12,000 00 

3,000 00 



Market Value. 

$148,041 67 

5,000 00 

26,583 33 

5,583 34 

28,750 00 

27,750 00 

21,000 00 

46,000 00 

8,487 50 

5,325 00 

11,116 67 

17,400 00 

27,333 33 

13,230 00 

4,050 00 



NORWALK FIRE INSURANCE CO. 



331 



N. Y. Central & Hudson River R.R. bonds, 
N. Y., Susquehanna & Western R.R. Co. bonds 
Phil. & Reading Terminal R.R. Co. bonds, 
St. Paul, Minneap's & Manitoba R'y Co. bonds 
St. Louis & Iron Mountain R'y Co. bonds, 
West Shore R.R. Co. bonds, . 
25 shares Chicago, Burl. & Quincy R.R. Co., 
60 " Chicago, Mil. & St. Paul R.R. Co., 
36 " Chic, Rock Island & Pacific R.R. Co. 
50 " N.Y^Lackawanna&West'nR.R.Co. 
15 " Cent. Nat'l Bank of Norwalk, Conn. 
8 " Fairfi'd Co. N'l B'k of Norw'k, Conn. 
18 " National Bank of Norwalk, Conn., 
40 " Fourth National Bank of New York 
15 " German American Bank of N. Y., 



Par Value. 

§6,000 00 

3,000 00 

10,000 00 

25,000 00 

10,000 00 

20,000 00 

2,500 00 

6,500 00 

3,600 00 

5,000 00 

1,500 00 

800 00 

1,800 00 

4,000 00 

1,125 00 



Market Value. 

$5,612 50 

3,165 00 

12,116 66 

27,125 00 

10,775 00 

21,600 00 

3,054 16 

8,963 75 

3,840 00 

6,637 50 

1,455 00 

376 00 

1,746 00 

6,860 00 

1,265 63 



$448,325 00 $510,243 04 



Summary of Assets Dec. 31, 1899. 



Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, 

Gross assets, 



$510,243 04 

1,881 02 

12,714 91 

5,967 71 

35,988 10 

7 00 



$566,801 78 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Return premiums and reinsurance, . 

Bills payable, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$726 00 

23,927 00 

4,200 00 

$28,853 00 

572 00 

$28,281 00 

115,603 95 

7,525 24 

7,537 79 

2,711 83 



161,659 81 

$405,141 97 
200,000 00 



Surplus over capital, 



$205,141 97 



332 



NORWALK FIRE INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1898, . $20,074 79 

Premiums on risks written or renewed, . . 261,940 09 

Total, $282,014 88 

Premiums now in course of collection, . . 35,988 10 

Entire premiums collected, .... $246,026 78 

Less reinsurance and return premiums, . . 99,023 90 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 



$147,002 88 
18,802 45 



Gross cash income, $165 *<>5 33 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for incidentals, 



$115,650 85 
14,442 61 



- 24 

34,052 56 

11,631 96 

6,051 89 

1A" 73 

7,863 91 



Gross cash expenditures, $162,759 29 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1898, . . $29,182,058 00 $213,139 98 
Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . . - . 






. 34,741,440 00 261,940 09 



$63,923,498 00 $475,080 07 
25,274,730 00 176,101 15 



$ 38,648,768 00 $298,97- I 
8,851,724 00 81,665 68 



.£29,797,044 00 $217,313 24 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Company's stock owned by directors, .... 



$1,064,286 00 

466.424 00 
109,08' 

122.425 00 
2,700 00 



ORIENT INSURANCE CO. 



333 



"ORIENT INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated June, 1867. Commenced business January, 1872.] 

Paid-up Capital, $500,000. 

CHARLES B. WHITING, President. JAMES U. TAINTOR, Secretary. 



504 shares 


122 


it 


130 


(4 


104 


ti 


152 


II 


74 


(( 


200 


M 


113 


II 


71 


(1 


1,000 


It 


100 


U 


200 


II 


80 


II 


4 


II 


302 


II 


100 


(I 


25 


II 


804 


II 


404 


II 


220 


11 


400 


II 


313 


II 


200 


II 


220 


u 


170 


II 


100 


u 


100 


H 


100 


ti 


200 


(i 


50 


ii 


50 


it 


75 


it 


100 


ii 


200 


ii 


250 


ii 


300 


ii 


100 


ii 


250 


41 


100 


II 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

American Nat'l Bank, Hartford, . $25,200 00 $36,288 00 

^tna National Bank, Hartford, . 12,200 00 21,960 00 

Charter Oak Nat'l Bank, Hartford, 13,000 00 11,960 00 

Farm. &Mech. Nat'l B'k, Hartford, 10,400 00 12,064 00 

Mercantile National B'k, Hartford, 15,200 00 456 00 

Phoenix National Bank, Hartford, 7,400 00 9,102 00 

Exchange National B'k, Hartford, 10,000 00 12,400 00 

City National Bank, Hartford, . 11,300 00 12,656 00 

First National Bank, Hartford, . 7,100 00 8,236 00 

Hartford Nat'l B'k, Hartford, . 100,000 00 137,000 00 

Conn. T. & S. Deposit Co., Hart.,. 10,000 00 18,500 00 

Thames Nat'l B'k, Norwich, . 20,000 00 30,000 00 

First National Bank, Norwich, . 8,000 00 8,000 00 

Rockville Nat'l Bank, Rockville, . 400 00 400 00 

Mechanics' Nat'l B'k, New York, . 7,550 00 15,100 00 

Holland Trust Co., New York, . 10,000 00 5,000 00 

N'IGer.Amer.B'k, St. Paul, Minn., 2,500 00 2,000 00 

N. Y., N. H. & Hartford R.R., . 80,400 00 169,644 00 

Pennsylvania R.R., . . . 20,200 00 26,260 00 

N. Y. C. & H. R. R.R., . . . 22,000 00 28,820 00 

Cleveland & Pittsburgh R.R. Co., . 20,000 00 37,600 00 

C, B. & Q. R.R. Co., . . . 31,300 00 38,186 00 

Illinois Central R.R. Co., . . 20,000 00 22,400 00 

Chic, Rock Island & Pac. R.R. Co., 22,000 00 23,540 00 

Southern Railway Co 17,000 00 9,010 00 

Chicago & Northwestern R.R. Co., 10,000 00 20,300 00 

Rensselaer & Saratoga R.R. Co., . 10,000 00 19,100 00 

Chic. June. R'y &U'n St'k Y'd Co., 10,000 00 12,200 00 

Morris & Essex R.R. Co., . . 10,000 00 18,200 00 

Old Colony R.R. Co., . . . 5,000 00 10,150 00 

Connecticut River R.R. Co., . . 5,000 00 13,750 00 

Norfolk & Western R.R. Co., . 7,500 00 5,025 00 

Southwest'n R.R. Co. of Georgia, 10,000 00 11,000 00 

Illinois Central R.R. Co., . . 20,000 00 20,600 00 

St. Jo., S. Bend & South'n R.R. Co., 25,000 00 10,000 00 

Northwestern Telegraph Co., . 15,000 00 17,700 00 

American Sugar Refining Co., . 10,000 00 11,300 00 

Adams Express Co., . . . 25,000 00 27,750 00 

Arizona Water Co., . . . 10,000 00 5,000 00 



334 



ORIENT INSURANCE CO. 



Georgia State bonds, 
County of Coffey, Kan., bonds,. 
County of Finney, Kan., bonds, 
County of Kidder, Dak., bonds, 
County of Wichita, Kan., bonds, 
County of Pierce, Wash., bonds, 
County of Glynn, Ga., bonds, . 
County of White, Tenn., bonds, 
City of Evansville, Ind., bonds, 
City of Richmond, Va., bonds, . 
City of Norfolk, Va., bonds, 
City of Sioux Falls, Dak., bonds, 
City of Wichita Falls, Tex., bonds, 
City of Fort Worth, Tex., bonds, 
City of Fayetteville, N. C, bonds, 
Town of Thomaston, Conn., bonds, 
Medicine Lodge Town., Barber Co., Kan., b'ds 
Bethany Township, Osborne Co., Kan., bonds, 
Oswego Township, Labette Co., Kan., bonds, 
Precinct of Stanton, Neb., bonds, 
Precinct of Beaver, Neb., bonds, 
Vermont Valley R.R. Co. bonds, 
Pittsburgh, Cleveland & Toledo R.R. Co. bonds 
C, C, Cin. & Indianapolis R.R. Co. bonds, 
Morris & Essex R.R. Co. bonds, 
Chicago, Mil. & St. P. R.R. Co. bonds, . 
Dayton & Michigan R.R. Co. bonds, 
Terre Haute & Logansport R.R. Co. bonds, 
Ohio & West Virginia R.R. Co. bonds, 
Columbus & Toledo R.R. Co. bonds, 
Cin., Jackson & Mackinaw R.R. Co. bonds, 
E. Tenn., Virginia & Georgia R.R. Co. bonds, 
Southern R.R. Co. bonds, .... 
Detroit, Grand Rapids & West. R.R. Co. bonds 
Hartford Street Railway Co. bonds, . 
Anderson, Ind., Electric Street R'y Co. bonds, 
Philadelphia & Reading R.R. Co. bonds, . 
Atchison, Topeka & Santa Fe R.R. Co. bonds, 
Chicago, Burlington & Quincy R.R. Co. bonds 
N. Y., N. H. & H. R.R. Co. bonds, . 
Norfolk & Western R.R. Co. bonds, 
Cleveland Terminal & Valley R.R. Co. bonds 
Cincinnati, Dayton & Ironton R.R. Co. bonds, 
Kanawha & Michigan R.R. Co. bonds, 
Chicago, Rock Island & Pacific R.R. bonds, 
West Chicago Street R.R. Tunnel Co. bonds, 
Minneapolis & St. Louis R.R. Co. bonds, . 
Savannah, Florida & Western R.R. Co. bonds, 



Par Value. 

$25,000 00 
10,000 00 
10,000 00 
5,000 00 
4,000 00 
10,000 00 
10,000 00 
4,000 00 
20,000 00 
24,000 00 
20,000 00 
13,000 00 
8,500 00 
10,000 00 
10,000 00 
15,000 00 
5,000 00 
3,500 00 
5,000 00 
8,000 00 
5,000 00 
25,000 00 
10,000 00 
35,000 00 
10,000 00 
20,000 00 
25,000 00 
4,000 00 
3,000 00 
13,000 00 
12,000 00 
15,000 00 
10,000 00 
10,000 00 
40,000 00 
10,000 00 
10,000 00 
14,000 00 
10,100 00 
32,200 00 
10,000 00 
10,000 00 
10,000 00 
25,000 00 
20,000 00 
10,000 00 
30,000 00 
10,000 00 



Market Value. 

130,2: 
10,600 00 
11,00 

5,200 00 
4,0< 
11,0' 
11,0' 
4,08 
00 
31,920 00 
22,0' 

14,300 00 
7,650 00 
10,500 00 
10,8' 

15,750 00 

5,000 00 

3,710 00 

5,100 00 

8,480 00 

5,400 00 

27,5" 

10,700 00 

46,950 00 

14,200 00 

33,200 00 

28,250 00 

4,400 00 

3,540 00 

20 00 

6,000 00 

17,400 00 

10,800 00 

9,400 00 

41,600 00 

10,300 00 

12,100 00 

12,960 00 

11,50. 

60,536 00 

8,900 00 

9,000 00 

11,300 oO 

20,500 00 

21,000 00 

10,600 00 

30,100 00 

12,300 00 



ORIENT INSURANCE CO. 



335 



Wilmar & Sioux Falls R.R. Co. bonds, . 
Illinois Central R.R. Co. bonds, 
Lehigh & New York R.R. Co. bonds, 
Seaboard & Roanoke R.R. Co. bonds, 
Georgia R.R. & Banking Co. bonds, 
Central of Georgia R.R. Co. bonds, . 
Brooklyn Wharf & Warehouse Co. bonds, 
Territory of Arizona funding bonds, 
Iowa Mortgage Co. trust debenture notes, 
Rutland & Grafton District, 111., bonds, . 
First Baptist Church, Nashville, Tenn., bonds 
Alexandria, Ind., water works bonds, 
Arizona Water Co. bonds, 
Arizona Water Co. income bonds, 
Kansas school bonds, 
Nebraska school bonds, . 
Dakota school bonds, 
Wyoming Territory school bonds, 
Colorado school bonds, 
Texas school bonds, . 
Washington school bonds, 



Par Value. 

$15,000 00 

20,000 00 

10,000 00 

20,000 00 

10,000 00 

20,000 00 

25,000 00 

25,000 00 

2,000 00 

2,000 00 

11,500 00 

9,000 00 

2,000 00 

3,333 33 

18,250 00 

5,266 69 

4,400 00 

3,000 00 

8,000 00 

15,000 00 

10,000 00 



Market Valae. 

$18,000 00 

20,000 00 

9,800 00 

22,000 00 

11,800 00 

20,000 00 

18,750 00 

26,750 00 

1,000 00 

2,000 00 

11,500 00 

9,720 00 

2,000 00 

833 33 

19,402 50 

5,582 69 

4,753 00 

3,360 00 

8,800 00 

15,900 00 

10,800 00 



Securities held as collateral for cash loans : 



$1,572,700 02 $1,889,606 52 



24 shares Adams Express Co., . 



Market Value. 

$2,664 00 



Loaned Thereon. 

$450 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, . 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Rents due and accrued, .... 

Special cash deposit, ..... 

Gross assets, 

Deduct special deposits in other States, . 

Balance, 



31, 1899. 

$88,165 12 

230,209 66 

7,151 95 

1,889,606 52 

450 00 

2,798 94 

41,664 06 

11,359 35 

243,522 80 

306 78 

5,000 00 



$2,520,235 18 
119,299 00 

$2,400,936 18 



* Value of property mortgaged, 
Amount of insurance held as collateral, 



$798,732 00 
122,075 00 



336 



ORIENT INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
Due for borrowed money, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 

Income 

Fire premiums outstanding Dec. 31, 1898 
Same not collected, . 



Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1898, 

Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash marine premiums received, 



170,803 95 

111,387 72 

17,103 27 

$199,294 94 
17,961 76 

$181,333 18 

1,003,141 04 

2,814 15 

40,000 00 

39,077 00 

10,044 01 

$1,276,409 38 
60,908 22 



- $1,215,501 16 

. $1,185,435 02 
500,000 00 



. $685,435 02 



$265,844 60 
25,867 12 



$239,977 48 
1,646,161 39 


$1,886,138 87 
241,683 99 


$1,644,454 88 
369,961 02 


$3,589 21 
31,752 90 


$35,342 11 
1,838 81 


$33,503 30 
7,117 17 



$1,274,493 86 






26,386 13 



ORIENT INSURANCE CO. 



337 



Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Income from rents, 

Income from borrowed money, . . . $40,000 00 



,572 48 
89,835 18 
1,417 60 



Gross cash income, $1,402,705 25 



Expenditures. 

Cash paid for fire losses, $1,054,888 42 

Deduct salvage and reinsurance, . . . 112,849 56 

Net cash paid for fire losses, . . . 

Qash paid for marine and inland losses, . . $32,369 97 

Deduct salvage and reinsurance, . . . 4,751 79 

Net cash paid for marine and inland losses, 

Cash dividends paid, . . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, . 



$ 942,038 86 



27,618 18 

50,000 00 

266,601 03 

104,945 33 

42,435 77 

86,485 31 

11,520,124 48 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898," 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . . . 



$169,226,065 00 
130,405,487 00 

$299,631,552 00 
125,555,653 00 

$174,075,899 00 
8,783,535 00 



Premiums. 

$1,959,524 57 
1,646,161 39 

$3,605,685 96 
1,586,942 21 

$2,018,743 75 
81,621 76 



$165,292,364 00 $1,937,121 99 



$933,381 00 
934,160 00 

^1,867,541 00 
1,105,105 00 



$29,236 44 
31,752 90 

$60,989 34 
37,259 09 



$762,436 00 $23,730 25 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$20,796,906 00 

12,973,368 00 

934,507 00 

24,151 00 

1,215,000 00 

50,000 00 

54,650 00 



338 PACIFIC FIRE INSURANCE CO. 



"PACIFIC FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April 16, 1851. Commenced business April 29, 1851.] 

Paid-up Capital, $200,000. 

FRANK T. STINSON, President. GEORGE JEREMIAH, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $150,000 00 $201,000 00 

New York city bonds, 215,000 00 216,075 00 

New York Central & Hudson River R.R. stock, 22,000 00 29,755 00 

Rome, Watertown & Ogdensburg R.R. stock, . 15,000 00 19,650 00 

Brooklyn city bonds, 10,000 00 10,275 00 

Brooklyn City R.R. stock, .... 5,000 00 11,750 00 



$417,000 00 $488,505 00 



Summary of Assets Dec. 31, 1899. 

Cash value of unencumbered real estate, . $9,015 50 

Loans on mortgage of real estate (first liens *), 232,350 00 

Interest accrued thereon, 1,782 92 

Stocks and bonds, as per schedule, . . . 488,505 00 

Cash in the office of the company, . . . 3,644 70 

Cash deposited in bank, 14,684 17 

Interest due and accrued, 1,404 17 

Premiums in course of collection (gross), . 81,490 17 

Rents due and accrued, 40 00 

Reinsurance due for losses, .... 343 32 
Prem's more than three mos. due, . $2,078 71 

Gross assets, — 

Deduct special deposits in other States, 



$833,259 95 
33,500 00 



Balance, $799,759 95 

Liabilities. 

Losses adjusted, unpaid, $37,681 87 

claimed and reported, .... 49,050 61 

disputed or resisted, .... 4,083 33 



Total amount of losses, $90,815 81 

Less reinsurance, 20,086 22 



Net amount of unpaid losses, .... $70,729 59 

* Value of lands mortgaged, $184,000 00 

Value of buildings thereon, 254,000 00 

Amount of insurance held as collateral, .... 229,000 00 



PACIFIC FIRE INSURANCE CO. 



339 



Unearned premiums on outstanding risks, 

Interest due, 

Due and accrued for rent, salaries, etc., 
Due for borrowed money, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Paid-up capital, 



$330,061 66 
450 00 
10,416 66 
32,500 00 
18,172 55 
11,026 31 
14,028 35 

$487,385 12 
8,300 98 



Surplus over capital, . 



$479,084 14 

$320,675 81 

200,000 00 

$120,675 81 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected, .... 
Premiums on risks written or renewed, 

Total, . 
Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from borrowed money, 

Gross cash income, 



$83,581 87 
415 21 

$83,166 66 
559,697 61 

$642,864 27 
83,568 88 

$559,295 39 
159,107 50 



sources, 



$22,500 00 



,187 89 
11,748 48 
15,380 00 

255 48 



$427,571 85 



Expenditures. 

Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for incidentals, 



$322,540 31 
46,261 50 



$276,278 81 
20,000 00 
94,990 39 
39,054 66 
13,850 27 
2,518 75 
35,817 30 



Gross cash expenditures, 



$482,510 18 



340 



THE PELICAN ASSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



869,893,215 00 
58,536,283 00 



Premiums. 

$639,455 18 
559,697 61 



^128,429,498 00 $1,199,152 79 
49,704,404 00 474,083 27 



$78,725,094 00 
10,824,845 00 



$725,069 52 
97,990 34 



$67,900,249 00 $627,079 18 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$9,029,906 00 

4,861,928 00 

283,579 00 

1,478,000 00 

20,000 00 

50,800 00 



" THE PELICAN ASSURANCE COMPANY, 1 ' NEW YORK, N. Y. 

[Incorporated March 7, 1899. Commenced business May 1, 1899.] 

Paid-up Capital, $200,000. 
A. D. IRVING, President. L. P. BAYARD, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, . 
Brooklyn city bonds, 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross) , 
Gross assets, 

Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 



Par Value. 


Market Value. 


. $200,000 00 


$219,000 00 


75,325 00 


81,082 50 


$275,325 00 


$300,082 50 


. 31, 1899. 




. $300,082 50 




27,858 22 




2,326 50 




17,456 03 






$347,723 25 




$9,948 56 




31,944 11 




1,596 20 





THE PELICAN ASSURANCE CO. 341 

Commissions and brokerage, .... $3,847 18 

Return premiums, 2,481 21 

Reinsurance, 608 48 

Gross liabilities, except capital, . . $50,425 74 

Surplus as regards policy holders, $297,297 51 

Paid-up capital 200,000 00 

Surplus over capital, $97,297 51 

Income. 

Fire premiums on risks written, . . . $ 76,967 55 
Premiums now in course of collection, . . 17,456 03 

Entire premiums collected, .... $59,511 52 
Less reinsurance and return premiums, . . 10,690 73 

Net cash fire premiums received, . . . $48,820 79 

Interest and dividends received from all sources, . . . 5,064 29 

Gross cash income, $53,885 08 

Expenditures. 

Cash paid for fire losses, $9,420 67 

for commissions and brokerage, . . . . 11,724 88 

for State and local taxes, 2,413 01 

for incidentals, 4,646 54 

Gross cash expenditures, $28,205 10 

Risks and Premiums. 

Premiums. 

Fire risks written during 1899, . . . $9,415,688 00 $76,967 55 

Deduct risks expired and terminated, . . 1,722,667 00 12,583 37 

In force at end of year, $7,693,021 00 $64,384 18 

Deduct amount reinsured, .... 392,49600 3,71644 

Net amount in force, $7,300,525 00 $60,667 74 

Miscellaneous. 

Premiums received from organization of company, . . $48,821 00 

Losses paid from organization of company, .... 9,421 00 

Fire losses incurred during the year, 19,369 00 

Company's stock owned by directors, 6,500 00 



342 



PENNSYLVANIA FIRE INSURANCE CO. 



"PENNSYLVANIA FIRE INSURANCE COMPANY," 
PHILADELPHIA, PA. 

[Incorporated March, 1825. Commenced buBineas April, 1825.] 

Paid-up Capital, $400,000. 

R. DALE BENSON, President. W. GARDNER CROWELL, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $95,000 00 $108,750 00 

Philadelphia city loans, 16,000 00 16,970 00 

St. Louis city bonds, 25,000 00 29,000 00 

Cincinnati city bonds, 48,000 00 54,140 00 

City of Springfield, 111., bonds, . . . 35,000 00 38,150 00 

City of Topeka, Kan., internal improv. bonds, 6,448 00 6,448 00 

City of Dayton, Ohio, bonds, .... 67,000 00 72,500 00 

City of Columbus, Ohio, bonds, . . . 50,000 00 51,000 00 

City of Quincy, 111., bonds, .... 25,000 00 26,500 00 

City of Sandusky, Ohio, bonds, . . . 9,000 00 9,090 00 

Newark, Ohio, bonds, 12,000 00 12,960 00 

City of Duluth, Minn., bonds 47,000 00 50,760 00 

Borough of Sharpsburg, Pa., bonds, . . 40,000 00 42,000 00 

Sanitary Dist., Chicago, municipal bonds, . 20,000 00 20,600 00 

Sch. Dist. of the Boro' of Sewickley, Pa., bonds, 24,000 00 25,920 00 

City of Trenton, N. J., warrants, . . . 32,256 00 32,256 00 

Phila., Wilmington & Bait. R.R. certificates, . 115,000 00 126,050 00 

Philadelphia & Erie R.R. bonds, . . . 75,000 00 89,250 00 

Pennsylvania R.R. bonds, . . . . . 99,000 00 122,370 00 

Philadelphia & Reading R.R. Co. bonds, . . 37,500 00 47,100 00 

Reading Co. & Phila. & Read. C. & I. Co. bonds, 50,000 00 43,000 00 

Phila. & Reading R.R. Terminal Co. bonds, . 100,000 00 120,000 00 

Lehigh Valley R.R. Co. bonds, . 116,000 00 124,300 00 

Pennsylvania & N. Y. Canal & R.R. Co. bonds, 122,000 00 119,270 00 

Chicago & Western Indiana R.R. bonds, . . 130,000 00 155,250 00 

Chicago, Burlington & Quincy R.R. bonds, . 100,000 00 114,000 00 

Jacksonville Southeastern Railway Co. bonds, 11,000 00 11,000 00 

Shamokin, Sunb'y & Lewisb'g R.R. Co. bonds, 20,000 00 20,800 00 

St Paul & Northern Pacific R.R. bonds, . . 50,000 00 63,000 00 

Pittsburgh, Cincinnati & St. Louis R.R. bonds, 50,000 00 52,000 00 

Cleve., Columb., Cin. & Indianap. R.R. bonds, 30,000 00 39,300 00 

New York, Susquehanna & West. R.R. bonds, 100,000 00 110,000 00 

Lake Shore & Mich. Southern R'y Co. bonds, . 50,000 00 57,500 00 

Indianapolis & Vincennes R.R. Co. bonds, . 50,000 00 51,470 00 

Chicago & Erie R.R. Co. bonds, . . . 50,000 00 57,000 00 

Baltimore & Potomac R.R. Co. bonds, . . 15,000 00 18,300 00 

McKeesport & Belle Vernon R.R. Co. bonds, . 60,000 00 75,000 00 

Newburgh & New York R.R. Co. bonds, . . 15,000 00 17,250 00 

Northern Central R.R. Co. bonds, . . . 12,000 00 13,440 00 



PENNSYLVANIA FIRE INSURANCE CO. 



343 



West Knoxville General Improv. Co. bonds, 

Atlantic City R.R. Co. bonds, . 

Camden Horse R.R. Co. bonds, 

Bellefonte Central R.R. Co. bonds, . 

Evansville & Terre Haute R.R. Co. bonds, 

West Jersey & Seashore R.R. Co. bonds, . 

Terminal R.R. Association of St. Louis bonds 

Lynn & Boston R.R. bonds, 

Pine Creek Railway Co. bonds, 

Chicago & Northwestern R'y Co. bonds, . 

Jacksonville & St. Louis R'y Co. bonds, . 

Chicago, Rock Island & Pacific R.R. bonds, 

Chicago, Mil. & St. Paul R'y bonds, 

Chic, Hammond & Western R.R. Co. bonds, 

Chesapeake & Ohio R'y bonds, 

Illinois Central R'y bonds, 

Kansas City Suburban Belt R.R. bonds, . 

Western Transit Co. bonds, 

Cleveland, Lorain & Wheeling R.R. bonds, 

Louisville & Nashville R.R. bonds, . 

Choctaw & Memphis R.R. Co. bonds, 

St. Louis, Iron Mountain & Southern R'y b'ds 

Baltimore & Ohio R.R. Co. bonds, .. 

Wisconsin Central R'y Co. bonds, . 

Hestonville, Mantua & Fairm't Pass. R'y bonds 

Perkiomen R.R. Co. bonds, 

Lehigh Valley Coal Co. bonds, . 

Lehigh Coal & Navigation Co. bonds, 

Chesapeake & Delaware Canal Co. bonds, 

200 shares Philadelphia National Bank,' . 

14 " Philadelphia Bourse, 
440 " Bellefonte R.R. Co., 
144 " Reading Co., . 
210 " Grand Rapids & Indiana R.R. Co., 



Securities held as collateral for cash loans : — 



16 shares First N'l Bank, Shippensburg, Pa., . 
62 
160 
15 
4 
7 
5 
5 
25 
100 ' 
137£ ' 



North Pennsylvania R.R. Co., . 
Norristown Title, Trust & S. D. Co., 
Manayunk National Bank, 
Bank of North America, 
Moorestown National Bank, . 
Burl. County Safe Dep. & T. Co., . 
Fire Ins. Co., County of Phila., 
Western National Bank of Phila., . 
W. J. McCahan Sug. Ref . Co. Phila., 
Beacon Light Co., Chester, Pa., 



Par Value. 

$20,000 00 
30,000 00 
25,000 00 
2,500 00 
25,000 00 
28,000 00 
50,000 00 
50,000 00 
50,000 00 
49,000 00 
44,500 00 
75,000 00 
50,000 00 

100,000 00 
42,000 00 
50,000 00 
20,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
25,000 00 
50,000 00 
17,000 00 
13,000 00 
50,000 00 

120,000 00 
10,000 00 
20,000 00 
700 00 
22,000 00 
7,200 00 
21,000 00 



Market Value. 

$24,000 00 

33,900 00 

26,250 00 

2,500 00 

26,000 00 

33,600 00 

55,000 00 

55,500 00 

66,000 00 

52,430 00 

21,400 00 

79,500 00 

57,000 00 

125,000 00 

48,720 00 

50,500 00 

18,400 00 

50,000 00 

54,000 00 

49,000 00 

52,000 00 

55,000 00 

24,250 00 

44,500 00 

20,060 00 

13,390 00 

50,000 00 

124,200 00 

5,000 00 

42,000 00 

112 00 

5,500 00 

1,434 00 

5,250 00 



1,326,104 00 $3,615,090 00 



Market Value. 

$2,880 00 
6,324 00 

14,400 00 
2,880 00 
1,000 00 
1,575 00- 
380 00 
600 00. 
1,875 00 

20,000 00 

13,750 00 



Loaned Thereon. 

$2,300 00 
3,500 00 

10,400 00 

2,000 00 

500 00 

2,000 00 

12,500 00 
9,500 00 



344 



PENNSYLVANIA FIRE INSURANCE CO. 



15 shares German-American Ins. Co., N. Y., 
5 " Girard Fire & Marine Ins. Co., 
3 " Continental Ins. Co., N. Y., . 
90 " West Chester Fire Ins. Co., . 
30 " Merchants' National Bank, 

105 " Lehigh Coal & Navigation Co., 
10 " Commonwealth Title & Trust Co., 

Pittsburg, Ciu. & St. Louis Railway Co. bonds 

Bellefonte Central R.R. Co. bonds, . 

100 shares Atchison, Topeka & Santa Fe R.R. 

Pennsylvania Canal Co. bonds, 

25 shares Philadelphia Traction Co., 

10 *' Reliance Insurance Co., . 

Philadelphia Electric Co. bonds, 
200 shares United Gas Improvement Co., 
100 " Reading Co., .... 

1,100 " Union Traction Co., . 
100 " Metropolitan Street Railway Co 
100 " Reading Co., .... 
200 " Cambria Steel Co., 
200 " Reading Co., .... 

Asphalt Co. of America bonds, 

500 shares of Electric Co. of America, . 

200 " Union Traction Co., 

Welsbach Light Co. bonds, 

Cambria Steel Co. bonds, .... 

Bethlehem Steel Co. bonds, 

Pennsylvania Steel & Maryland Steel Co. b'ds, 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, . 



Market Value. 

$7,500 00 

1,900 00 

1,650 00 

2,700 00 

3,000 00 

4,515 00 

660 00 

1,050 00 

4,000 00 

6,000 00 

500 00 

2,350 00 

700 00 

2,940 00 

31,000 00 
2,600 00 

41,800 00 

17,500 00 
2,600 00 
4,000 00 
1,800 00 | 
4,200 00 J 
6,500 00 * 
7,600 00 

16,500 00 
2,000 00 
3,600 00 
2,700 00 J 



Loaned Thereon. 

$6,500 00 

2,200 00 
1,500 00 

5,000 00 

2,000 00 
5,000 00 

5,000 00 
25,000 00 



y 50,000 oo 



} 



} 25,000 00 



$249,529 00 $169,900 00 

31, 1899. 

$222,500 00 

719,900 00 

8,212 54 

3,615,090 00 

169,900 00 

4,463 23 

159,199 04 

3,150 90 

292,890 50 

$5,195,306 21 

108,750 00 



Balance $5,086,556 21 



* Value of property mortgaged, 
Amount of insurance held as collateral, 



$1,977,200 00 
477,850 00 



PENNSYLVANIA FIRE INSURANCE CO. 



345 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Paid-up capital, 



$18,696 47 

164,954 85 

9,563 76 

1,556,227 30 

840,018 57 

24,000 00 

4,528 17 

$2,617,989 12 
52,492 00 



Surplus over capital, 

Income. 

Fire premiums outstanding Dec. 31, 1898, . $285,500 57 
Premiums on risks written or renewed, . . 2,106,936 86 



$2,565,497 12 

$2,521,059 09 

400,000 00 

$2,121,059 09 



Total, $2,392,437 43 

Premiums now in course of collection, . . 292,890 50 



Entire premiums collected, .... $2,099,546 93 
Less reinsurance and return premiums, . . 450,927 27 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Income from rents, 

Deposits received for perpetual fire risks, . $34,472 94 



$1,648,619 66 

40,243 47 

180,354 14 

8,170 86 



Gross cash income, $1,877,388 13 



Expenditures. 

Cash paid for fire losses, $1,372,986 59 

Deduct reinsurance, 147,457 89 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 



for salaries of officers and employees, . 
for State and local taxes, 

for incidentals, 

Deposits returned on perpetual fire risks, . $17,768 15 

Gross cash expenditures, 



$1,225,528 70 

100,000 00 

366,463 65 

93,000 00 

71,224 65 

85,924 11 



$1,942,141 11 



346 



PHENIX INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks Written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



Premiumi. 



$361,868,288 00 $3,124,844 12 
215,831,929 00 2,106,936 86 



$577,700,217 00 $5,231,780 98 
207,479,981 00 1,967,731 48 



$370,220,236 00 $3,264,049 50 
35,534,622 00 257,897 15 



$334,685,614 00 $3,006,152 35 



Perpetual risks in force (not incl'd above), $37,195,252 00 $920,688 76 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (25 per cent.), 
Company's stock owned by directors, .... 



$37,159,961 00 

20,131,911 00 

1,251,160 00 

3,129,000 00 

100,000 00 

54,900 00 



"PHENIX INSURANCE COMPANY," BROOKLYN, N. Y. 

[Incorporated Sept. 10, 1853. Commenced business Sept. 10, 1853.] 

Paid-up Capital, $1,000,000. 

GEORGE P. SHELDON, President. WM. A. WRIGHT, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $ 630,000 00 $718,200 00 

State of Virginia " century " bonds, . . . 100,000 00 85,000 00 

City of Richmond, Va., bonds, .... 21,000 00 21,000 00 

N. Y. city consolidated stock " dock bonds," . 400,000 00 400,000 00 

Niagara Falls Power Co. bonds, . . . 100,000 00 107,000 00 

Missoula County, Montana, bonds, . . . 12,000 00 12,000 00 

Council Bluffs City Water Works Co. bonds, . 100,000 00 100,000 00 

U. S. of Mexico " consolidated gold " bonds, . 80,000 00 78,400 00 

Denver Gas & Electric Co. bonds, . . . 150,000 00 135,000 00 

Southern Light & Traction Co. bonds, . . 100,000 00 100,000 00 

Rensselaer & Saratoga R.R. Co. stock, . . 100,000 00 194,000 00 

Chicago & Northwestern R.R. Co. stock, . 150,000 00 247,500 00 

Delaware & Hudson Canal Co. stock, . . 100,000 00 118,000 00 



PHENIX INSURANCE CO. 



347 



Delaware, Lackaw'a & West'n R.R. Co. stock, 

Manhattan Railway Co. stock, . 

Chicago, Milwaukee & St. Paul R'y Co. stock, 

Central R.R. Co. of New Jersey stock, . 

Third Avenue R.R. Co. stock, . 

National Park Bank, N. Y., stock, . 

Chatham National Bank, N. Y., stock, 

National Bank of The Republic, N. Y., stock, 

National City Bank, N. Y., stock, 

National Shoe & Leather Bank, N. Y., stock, 

Western National Bank, N. Y., stock, 

Phenix National Bank, N. Y., stock, 

National City Bank, Brooklyn, stock, 

Mechanics' Bank, Brooklyn, stock, . 

Brooklyn Bank, Brooklyn, stock, 

Bond & Mortgage Guarantee Co. stock, . 

Trust Company of America stock, . 

New York Mutual Gas Light Co. stock, . 

Central & South American Telegraph Co. stock, 



Par Value. 

$125,000 00 

200,000 00 

50,000 00 

60,000 00 

133,300 00 

30,000 00 

35,000 00 

30,000 00 

9,300 00 

20,000 00 

14,500 00 

4,000 00 

30,000 00 

20,400 00 

20,000 00 

10,000 00 

20,000 00 

50,000 00 

100,000 00 



Market Value. 

$225,000 00 

196,000 00 

86,000 00 

72,000 00 

179,955 00 

150,000 00 

108,500 00 

61,800 00 

186,000 00 

20,400 00 

54,375 00 

4,400 00 

102,000 00 

44,880 00 

25,000 00 

31,000 00 

42,000 00 

165,000 00 

112,000 00 



$3,004,500 00 $4,182,410 00 



Summary of Assets Dec. 31, 1899.' 



Cash value of unencumbered real estate, . 

Loans on mortgage of real estate (first liens f), 

Interest accrued thereon, . 

Stocks and bonds, as per schedule, . 

Cash in the office of the company, . 

Cash deposited in bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross) 

Rents due and accrued, 

Gross assets, .... 
Deduct special deposits in other States, 



Balance, . $5,612,476 17 



$543,000 00 

76,600 00 

1,236 63 

4,182,410 00 

4,642 98 

481,742 20 

6,766 66 

522,766 88 

3,710 82 



$5,822,876 17 
210,400 00 



Liabilities. 

Losses claimed and reported, .... $190,112 86 

Losses disputed or resisted, .... 18,525 00 

Unearned premiums on outstanding risks, . 3,052,809 86 

Due and accrued for rent, salaries, etc., . . 2,166 67 

* The company holde, also, instalment premium notes to the amount of $131,077.39, which 
do not enter into or form any part of the assets of the company, as no portion of them is earned. 
Whatever value is attached to them would necessarily be counterbalanced by the addition of 
an amount exactly equal to the reinsurance liability, the entire sum consisting of "unearned 
premiums." 

t Value of lands mortgaged $42,000 00 

Value of buildings thereon, 93,500 00 

Amount of insurance held as collateral 84,500 00 



348 



PHENIX INSURANCE CO. 



Commissions and brokerage, 
Return premiums, 
Reinsurance, 



Gross liabilities, except capital, 
Deduct liability on special deposits, . 

Surplus as regards policy holders, . 
Paid-up capital, .... 



$88,605 96 

51,702 23 

5,531 74 

$3,409,454 32 
93,605 92 



$3,315,848 40 

. $2,296,627 77 
. 1,000,000 00 



Surplus over capital, $1,296,627 77 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, . 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



$654,968 53 
3,745,950 66 

$4,400,919 19 
653,844 27 

$3,747,074 92 
614,464 05 
$3,132,610 87 

4,483 96 

sources, . . 160,989 65 

10,092 74 



Gross cash income, $3,309,077 22 



Expenditures. 

Cash paid for fire losses, . . ... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . . - 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



$2,053,393 08 
193,882 04 



Gross cash expenditures, . 



$1,859,511 04 

100,000 00 

557,13 r » 78 

321,096 10 

91,583 41 

330,977 94 

83,260,308 27 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

§551,959,086 00 $6,326,064 63 
348,367,044 00 3,745,95 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



£900,326,130 00 §10,072,015 29 
338,854,879 00 3,747,360 13 



§561,471,251 00 §6,324,655 16 
32,529,748 00 287,90 



§528,941,503 00 §6,036,74^ si 



PHOENIX INSURANCE CO. 



349 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, 



$119,759,926 00 
59,759,540 00 
1,856,128 00 
3,974,000 00 
100,000 00 
138,700 00 



"PHCENIX INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated May, 1854. Commenced business June, 1854.] 
» 

Paid-up Capital, $2,000,000. 

D. W. C. 8KILTON, President. EDW. MILLIGAN, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Georgia State bonds, $25,000 00 $30,500 00 

Brooklyn Wharf & Warehouse Co. bonds, . 75,000 00 58,500 00 

Ashland, Ore., water bonds, .... 50,000 00 56,000 00 

Brantford, Can., bonds, 25,000 00 27,875 00 

Guelph bonds, 24,000 00 28,680 00 

Victoria, B. C, bonds, 20,000 00 24,400 00 

Town of St. Henry, P. Q., bonds, . . . 75,000 00 82,875 00 

Province of New Brunswick bonds, . . . 5,000 00 5,550 00 

Chicago & No. Shore Street R'y Co. bonds, . 25,000 00 27,500 00 

Fostoria, O., water bonds, .... 25,000 00 26,000 00 

Leavenworth city and Ft. Leavenw'h wat. b'ds, 25,000 00 28,750 00 

Hannibal, Mo., school bonds, .... 12,000 00 13,200 00 

Northwestern Telegraph Co. bonds, . . 25,000 00 28,375 00 

Naumkeag Street Railway Co. bonds, . . 25,000 00 26,500 00 

Urbana, O., gas bonds 25,000 00 25,000 00 

Canadian Pacific Land Grant R.R. bonds, . 44,000 00 48,950 00 

Chicago & N. Western Railway bonds, . . 45,000 00 54,000 00 

Chicago & Western Indiana R.R. bonds, . 145,000 00 169,950 00 

Chicago, Burlington & Quincy R.R. bonds, . 10,000 00 13,300 00 

Cincinnati, Dayton & Ironton R.R. bonds, . 25,000 00 28,375 00 

Central R.R. of New Jersey bonds, . . . 40,000 00 48,000 00 

Erie Railway consols, 50,000 00 70,500 00 

Easton & Amboy R.R. bonds, .... 50,000 00 57,000 00 

Louisville, New Albany & Chicago R.R. bonds, 25,000 00 29,125 00 

Lehigh Valley Terminal bonds, . . . 10,000 00 11,300 00 

Minneapolis Union Railway Co. bonds, . . 56,000 00 74,480 00 

New York, Lackawanna & West. R.R. bonds, . 50,000 00 67,500 00 

N. Y., N. H. & H. R.R. debentures, . . . 75,000 00 140,250 00 

New England R.R. bonds, .... 30,000 00 40,050 00 

St. Paul & Northern Pacific R.R. bonds, . . 15,000 00 19,650 00 

Terre Haute & Peoria R.R. bonds, . . . 25,000 00 18,750 00 

Texas & New Orleans R.R. bonds, . . . 54,000 00 62,640 00 



350 



PHCENIX INSURANCE CO. 



Par Value. 

300 shares iEtna National Bank, Hartford, . 830,000 00 

1,000 " American Nat'l Bank, Hartford, . 50,000 CO 

100 " Atlantic Trust Co., New York, . 10,000 00 

75 " Central Trust Co., New York, . 7.500 00 

162 " Charter Oak Nat'l B'k, Hartford, . 16,200 00 

160 " City Bank, Hartford, . . . 16,000 00 

100 " Connecticut River Bank, Hartford, 3,000 00 

300 " Farm & Mech. N'l B'k, Hartford, . 30,000 00 

400 " Franklin Trust Co., New York, . 40,000 00 

1,030 " Hartford National B'k, Hartford, . 103,000 00 

400 " Hartford Trust Co., Hartford, . 40,000 00 

67 " Home National Bank, Meriden, . 6,700 00 

136 " Imperial Bank, Toronto, Ont., . 13,600 00 

108 " Merchants' Exc. N'l B'k, N. Y., . 5,400 00 

800 " Mer.N'l B'k (in liquidation), Hart., 

200 " Nat'l Shoe & Leather B'k, N. Y., . 20,000 00 

340 " National Exchange B'k, Hartford, 17,000 00 

125 " National Ger. Amer. B'k, St. Paul, 12,500 00 

200 " New Britain N'l B'k, New Britain, 20,000 00 

770 " Phoenix National B'k, Hartford, . 77,000 00 

200 " State Bank, Hartford, . . . 20,000 00 

440 " Waterbury Nat'l B'k, Waterbury, 22,000 00 

50 " Security Co., Hartford, . . 5,000 00 

500 " Bald Eagle Valley R.R. Co., . 25,000 00 

300 " Beech Creek R.R., . . . 15,000 00 

300 " Clev., Cin.,Chi. & Louis R.R. Co., 30,000 00 

300 " Chic, Milwaukee & St. Paul R.R., 30,000 00 

500 " Cleveland & Pittsburgh R.R. Co., 25,000 00 

500 " Fort Wayne & Jackson R.R. Co., . 50,000 00 

200 " Georgia R.R. & Banking Co., . 20,000 00 

120 " Hartford & Conn. West. R.R. Co., 12,000 00 

1,000 " Illinois Central R.R. Co., . . 100,000 00 

400 " Illinois Central Leased Lines, . 40,000 00 

1,000 " Morris & Essex R.R. Co., . . 50,000 00 

1,500 " N.Y., N. H. & H. R.R. Co., . . 150,000 00 

250 " New York & Harlem R.R. Co., . 12,500 00 

510 " N. Y. Cent. & Hud. Riv. R.R. Co., 51,000 00 

500 " Peoria & Bureau Valley R.R. Co., 50,000 00 

500 " Pitts., McKeesport & Y. R.R. Co., 25,000 00 

250 " Rensselaer & Saratoga R.R. Co., . 25,000 00 

500 " Sharon R.R. of Pa., . . . 25,000 00 

150 " Empire & Bay State Tel. Co., . 15,000 00 

1,320 " Holyoke Water Power Co., . . 132,000 00 

1,500 " North Western Telegraph Co., . 75,000 00 

400 " West End Street R'y Co., Boston, . 20,000 00 

150 " Boston Elevated Railway Co., . 7,500 00 

50 " Hartford Street Railway Co., . 5,000 00 



Market Va'.ue. 

$52,500 00 
72,000 00 
20,000 00 
157,500 00 
16,200 00 
17,920 00 

3,500 00 

34,800 00 

122,000 00 

142,140 00 

62,400 00 

8,375 00 
29,104 

6,75 

2,000 00 
21,000 
21,420 00 
10,2 5 
33,000 
96,25' 
24,000 
36. 3 

6,25 
50,000 
15,600 
30,600 
51,750 0o 
46,250 
72,500 00 
42,000 00 

4,800 00 
112,250 
40,400 
92,500 
318,000 
50,625 
67,065 
92,500 
34,250 
50,000 
33,750 
12,000 
514,800 
92,250 
37,100 
14. 

7.5 1 . 



$2,764,900 00 64,322,041 50 



PHCENIX INSURANCE CO. 



351 



Securities held as collateral for cash loans : — 





Market Value. 


Loaned Thereon. 


240 shares Landers, Frary & Clark, . 


$10,560 00 | 


$9,000 00 


70 " South. New England Telephone Co., 


9,170 00 ( 




$19,730 00 


$9,000 00 


Summary of Assets Dec 


31, 1899. 




Cash value of unencumbered real estate, . 


$490,227 41 




Loans on mortgage of real estate (first liens *) 


101,523 18 




Interest due or accrued thereon, . . , 


3,425 16 




Stocks and bonds, as per schedule, . 


4,322,041 50 




Loans on collateral security, as per schedule, , 


9,000 00 




Cash in the office of the company, . 


31,590 26 




Cash deposited in bank, 


87,255 65 




Interest due and accrued, 


16,920 00 




Premiums in course of collection (gross), 


507,429 65 




Rents due and accrued, .... 


4,695 90 




Reinsurance due on losses paid, 


2,580 56 




Gross assets, 

Deduct special deposits in other States, . 




$5,576,689 27 
304,780 00 


. 




$5,271,909 27 


Liabilities. 






Losses adjusted, unpaid, .... 


$44,525 60 




claimed and reported, . 


206,553 62 




disputed or resisted, 
Total amount of losses, 


25,704 80 




$276,784 02 




Less reinsurance, 

Net amount of unpaid losses, . 


5,587 43 




$271,196 59 




Unearned premiums on outstanding risks, 


2,029,575 53 




Commissions and brokerage, . 


53,071 25 




Reinsurance disallowed, .... 
Gross liabilities, except capital, 


9,585 19 




. $2,363,428 56 




Deduct liability on special deposits, 


131,984 17 




Surplus as regards policy holders, . 




2,231,444 39 


• * • 


$3,040,464 88 


Paid-up capital, 

Surplus over capital, .... 




2,000,000 00 


$1,040,464 88 


* Value of lands mortgaged, 


$164,640 00 






Amount of insurance held as collateral, . 


53,600 00 



352 



PHCENIX INSURANCE CO. 



Income. 
Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, 



$454,358 40 
3,069,412 13 

$3,523,770 53 
454,358 40 

$3,069,412 13 
393,036 55 



$2,676,375 58 

7,103 34 

204,884 29 

9,776 00 



Gross cash income, $2,898,139 21 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . . - 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



$1,887,171 19 
90,841 92 



Gross cash expenditures, . 



$1,796,329 27 
280,000 00 
483,110 48 
192,938 38 
84,593 35 
307,528 46 

. $3,144,499 94 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, . 



Risks and Premiums. 

Premiums. 

$373,844,953 00 $4,069,602 43 
316,773,892 00 3,069,412 13 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



,618,845 00 $7,139,014 56 
303,566,475 00 3,061,373 97 



$387,052,370 00 $4,077,640 59 
12,899,025 00 122,624 09 



$374,153,345 00 $3,955,016 50 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (14 per cent.), 
Company's stock owned by directors, .... 



$73,440,434 00 

44,906,829 00 

1,755,980 00 

7,805,000 00 

280,000 00 

59,000 00 






PROVIDENCE MUTUAL FIRE INSURANCE CO. 



353 



"PROVIDENCE MUTUAL FIRE INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated 1800. Commenced business 1800.] 
HENRY R. BARKER, President. HARDIN C. WATERS, Secretary. 



Detailed Statement of Stocks 



City of Providence bonds, 

N. Y., N. H. & H. R.R. Co. bonds, . 

The Metropolitan Water Co. bonds, 

200 shares N. Y. C. & H. R. R.R. Co., 

156 

100 

100 

100 

100 

100 

100 

100 

51 

50 

50 

42 

40 
150 

20 

50 
100 

50 



N. Y., N. H. & H. R.R. Co., . 
C, B. & Q. R.R. Co., 
Illinois Central R.R. Co., 
C, M. & St. P. R.R. Co., . 
Fitchburg R.R. Co., 
D., L. & W. R.R. Co., . 
Pennsylvania R.R. Co., . 
Oswego & Syracuse R.R. Co., 
P. & W. R.R. Co., . 
Connecticut River R.R. Co., . 
O. C. R.R. Co., 

Fort Wayne & Jackson R.R. Co., 
B. & P. R.R. Co., . 
Blackstone Canal National Bank, 
National Bank of Commerce, . 
Rhode Island Investment Co., 
Mass. Real Estate Co., 
Boston Investment Co., . 



and Bonds. 

Par Value. 

$82,000 00 

6,200 00 

7,000 00 

20,000 00 

15,600 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

5,000 00 

5,100 00 

5,000 00 

5,000 00 

4,200 00 

4,000 00 

3,750 00 

1,000 00 

5,000 00 

10,000 00 

5,000 00 



Market Value. 

$82,000 00 

11,160 00 

4,900 00 

26,000 00 

32,760 00 

11,500 00 

11,000 00 

17,000 00 

11,500 00 

17,250 00 

13,100 00 

10,250 00 

13,770 00 

13,500 00 

10,000 00 

5,670 00 

12,000 00 

3,750 00 

1,000 00 

5,500 00 



$243,850 00 $313,610 00 



Summary of Assets Dec. 31, 1899. 

Loans on mortgage of real estate (first liens *), $84,950 00 

Interest due thereon, 333 00 

Stocks and bonds, as per schedule, . . . 313,610 00 

Cash in the office of the company, . . . 706 82 

Cash deposited in bank, 24,566 55 

Interest due and accrued, 1,630 50 

Premiums in course of collection (gross), . 4,51176 
Prem's more than three mos. due, . $143 66 

Gross assets, 



$430,308 63 



* Value of lands mortgaged, . . . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$58,000 00 

105,000 00 

85,100 00 



354 



PROVIDENCE MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Unearned premiums on outstanding risks, 
State and local taxes, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, .... 

Surplus as regards policy holders, . 

Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from all other sources, 



Gross cash income, 



other 



1136,432 68 

1,221 03 

604 19 

264 53 



§5,189 69 
71,543 95 

$76,733 64 
4,655 42 

$72,078 22 
4,255 24 



sources, . 



$138,522 43 
$291,786 20 



$67,822 98 

4,956 55 

11,207 25 

278 24 

$84,265 02 



Expenditures. 

Cash paid for fire losses, 

Cash dividends paid policy holders, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for incidentals, 



Gross cash expenditures, $65,194 79 



823,686 65 
18,471 29 
6,829 71 
10,290 00 
1,952 01 
1,436 00 
2,529 13 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



.$24,199,910 00 
. 6,846,811 00 



.§31,046,721 00 
. 6,074,547 00 

.$24,972,174 00 
66,837 00 



Premiums. 

$257,098 21 
71,543 95 

§328,642 16 
61,333 47 

$267,308 69 
1,160 40 



. §24,905,337 00 §266,148 29 



Miscellaneous. 
Fire losses incurred during the year, 



$22,382 00 



PROVIDENCE WASHINGTON INSURANCE CO. 



355 



"PROVIDENCE WASHINGTON INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated 1799. Commenced business 1799.] 

Paid-up Capital, $500,000. 

J. H. DeWOLF, President. E. L. WATSON, Secretary. 



Detailed Statement of Stocks 



United States bonds, , 
Massachusetts State bonds, 
City of Fort Wayne bonds, 
City of Pawtucket bonds, . 
City of Indianapolis park bonds, 
Boston & Providence R.R. bonds, . 
Boston & Maine R.R. bonds, . 
Boston & Lowell R.R. bonds, . 
Lehigh Valley R.R. Co. bonds, . 
Lynn & Boston R.R. Co. bonds, 
Morris & Essex R.R. Co. bonds, 
N. Y., N. H. & Hartford R.R. Co. bonds, 
Old Colony R.R. Co. bonds, . 
Buffalo Traction Co. bonds, 
Cleveland Electric Railway bonds, . 
Columbus & 9th Ave. R.R. Co. bonds, 
Columbus Street Railway Co. bonds, 
United Traction & Electric Co. bonds, 
West End Street Railway Co. bonds, 

250 shares Fourth National Bank, N. Y 

340 ■ 

300 ' 
1,100 

500 
1,000 

300 

600 

450 

200 

200 

550 

200 
1,500 



Y, 



Nat'l Bank of Commerce, N 
National Park Bank, N. Y., 
Blackstone Canal N'l B'k, Prov., 
Merchants' N'l Bank, Providence 
Pennsylvania R.R. Co., 
Pitts., Ft. Wayne & Chic. R.R., Co 
Chicago & Northwestern R'y Co 
Great Northern R'y Co., 
Old Colony R.R. Co., . 
N. Y. Cent. & Hudson River R.R 
Providence Gas Co., 
Providence Telephone Co., . 
What Cheer Corporation, 



and Bonds. 

Par Value. 

$25,000 00 
88,000 00 
25,000 00 
25,000 00 
45,000 00 

100,000 00 
25,000 00 
10,000 00 
25,000 00 
10,000 00 
25,000 00 
75,000 00 
25,000 00 
20,000 00 
10,000 00 
10,000 00 
10,000 00 
40,000 00 
30,000 00 
25,000 00 
34,000 00 
30,000 00 
27,500 00 
25,000 00 
50,000 00 
30,000 00 
60,000 00 
45,000 00 
20,000 00 
20,000 00 
27,500 00 
10,000 00 

200,000 00 



Market Value. 

$27,500 00 
99,265 00 
26,125 00 
27,000 00 
48,550 00 

111,000 00 
32,250 00 
10,900 00 
27,125 00 
11,400 00 
34,125 00 

138,750 00 
28,250 00 
21,700 00 
10,600 00 
12,100 00 
11,100 00 
44,000 00 
31,750 00 
43,750 00 
86,700 00 

147,000 00 
27,500 00 
30,000 00 
67,000 00 
55,800 00 

111,800 00 
77,625 00 
41,000 00 
26,000 00 
53,900 00 
18,000 00 

200,000 00 



$1,227,000 00 $1,739,565 00 

Summary of Assets Dec. 31, 1899. 
Stocks and bonds, as per schedule, . . . $1,739,565 00 



Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 



2,255 26 

83,945 15 

3,812 50 



356 



PROVIDENCE WASHINGTON INSURANCE CO. 



Premiums in course of collection (gross), 
Notes taken for fire, marine and inland risks, . 
Prem's more than three mos. due, $5,607 99 
Gross assets,* 

Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, . . . . 


$206,342 66 
26,339 53 


12,062,260 10 


\ 

$7,834 51 

240,073 23 

10,853 81 


Total amount of losses, 

Less reinsurance, 


$258,761 55 
63,928 68 




Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Reinsurance disallowed, 

Gross liabilities, except capital, 


$194,832 87 

891,747 35 

7,118 04 

34,704 75 

17,327 48 


1,145,730 49 


■ • i 

$184,645 62 
3,529 43 


Surplus as regards policy holders, . 


$916,529 61 
500,000 00 


Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, 


$416,529 61 


Net collected, 

Premiums on risks written or renewed, . 


$181,116 19 
1,389,432 75 




Total, 

Premiums now in course of collection, . 


$1,570,548 94 
150,103 75 




Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1898, 

Same not collected, 


$1,420,445 19 
407,235 70 


$1,013,209 49 


$83,956 08 
1,636 74 


Net collected, 

Premiums on risks written or renewed, . 


$82,319 34 
514,027 54 




Total 

Premiums now in course of collection, . 


. $596,346 88 
87,165 24 




Entire premiums collected, 
Less reinsurance and return premiums, . 
Net cash marine premiums received, 
Interest and dividends received from all sourc 


. $509,181 64 
146,708 03 


362,473 61 
76,933 16 


es, . 


Gross cash income, .... 


$1,452,616 26 



* Including $100,000 special deposit held under Rhode Island laws. 






PROVIDENCE WASHINGTON INSURANCE CO. 



357 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . - 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



,085 19 
143,812 74 

$465,433 39 
154,881 50 



$764,272 45 



310,551 89 
50,000 00 

241,176 36 
89,515 60 
42,308 33 
84,089 28 

. $1,581,913 91 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1898, . $164,096,171 00 $1,626,380 20 



Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



153,032,757 00 1,389,432 75 



$317,128,928 00 $3,015,812 95 
147,004,682 00 1,300,015 60 



$170,124,246 00 $1,715,797 35 
22,781,529 00 223,008 38 



$147,342,717 00 $1,492,788 97 

$5,130,663 00 $183,752 36 
142,518,333 00 514,027 54 



$147,648,996 00 $697,779 90 
141,389,264 00 482,642 40 



1,259,732 00 $215,137 50 
271,256 00 17,263 17 



$5,988,476 00 $197,874 33 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . 



$33,087,101 00 
19,608,711 00 
747,870 00 
306,921 00 
2,255,563 00 
50,000 00 
32,350 00 



358 



QUEEN INSURANCE CO. OF AMERICA. 



" QUEEN INSURANCE COMPANY OF AMERICA, 11 NEW YORK, N. Y. 

[Incorporated Sept. 11, 1891. Commenced business Sept. 11, 1891.] 

Paid-up Capital, $500,000. 

JAMES A. MACDONALD, President. GEO. W. BURCHELL, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States government bonds, . . . $455,000 00 8537,714 29 

District of Columbia bonds, .... 340,000 00 378,033 44 

New York State Canal Improvement bonds, . 50,000 00 50,000 00 

New York city bonds, 380,000 00 392,042 02 

City of Brooklyn bonds, 525,000 00 556,755 69 

New Zealand stock, 49,000 00 49,000 00 

Quebec stock, 30,625 00 24,500 00 

Manitoba debentures, 29,400 00 29,400 00 

Halifax, N. S., stock, 60,000 00 66,000 00 

250 shares New York & Harlem R.R. Co., . 12,500 00 31,978 98 

443 " United N.Jersey R.R. & Canal Co., 44,300 00 99,744 18 

517 " N. Y., Lack. & Western R.R. Co., 51,700 00 56,983 33 

950 " Rome, Watertown & Og. R.R. Co., 95,000 00 106,135 00 

360 " Pitts., Fort Wayne & Chic. R.R. Co., 36,000 00 55,613 30 

1,400 " Morris & Essex R.R. Co., . . 70,000 00 100,150 10 

550 " Rensselaer & Saratoga R.R. Co., . 55,000 00 99,887 50 

Farmers' Loan & Trust Co. stock, . . . 10,000 00 71,600 00 

New York, Lack. & Western R.R. bonds, . 200,000 00 225,307 73 

North Wisconsin R.R. bonds, .... 30,000 00 36,258 30 

Chicago, Burlington & Quincy R.R. bonds, . 14,000 00 12,833 34 

Chicago, Rock Island & Pacific R.R. bonds, . 5,000 00 5,732 62 

Fremont, Elkhorn & Mo. R.R. bonds, . . 10,000 00 11,801 02 

Chicago, Milwaukee & St. Paul R.R. bonds, . 91,000 00 91,511 74 

Chicago & Northwestern R.R. bonds, . . 47,000 00 48,922 30 

Pennsylvania R.R. Co. bonds, .... 50,000 00 50,840 01 

Morris & Essex R.R. bonds, .... 110,000 00 134,900 70 

Lake Shore & Michigan Southern R.R. bonds, . 47,000 00 47,000 00 

Chic, St. Paul, Minn. & Omaha R.R. bonds, . 25,000 00 28,663 35 

Northern Pacific R.R. bonds, .... 52,500 00 42,058 24 

Evansville & Indianapolis R.R. bonds, . . 25,000 00 25,677 30 



$3,000,025 00 £3,467,644 48 



Summary of Assets Dec. 31, 1899 



Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 



8720,164 73 

3,467,644 48 

5,243 48 

103,161 10 

45,015 43 






QUEEN INSURANCE CO. OF AMERICA. 



359 



Premiums in course of collection (gross), 

Notes taken for fire risks, . 

Rents clue and accrued, 

Reinsurance due on losses paid, 

Prem's more than three mos. due, .$6,937 53 

Gross assets, 
Deduct special deposits in other States, 



Balance, 



$317,121 82 

193 50 

3,142 50 

642 00 



$4,662,329 04 
432,384 49 

$4,229,944 55 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



$58,052 77 

147,793 82 

28,838 65 

$234,685 24 
44,447 29 

$190,237 95 

1,499,647 91 

9,253 00 

26,565 16 

77,390 30 

23,765 54 

2,319 55 

1,829,179 41 
296,632 48 



1,532,546 93 

. $2,697,397 62 
500,000 00 



. $2,197,397 62 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, 



$295,209 75 
128 23 

$295,081 52 
2,416,026 28 

^2,711,107 80 
324,252 85 



Entire premiums collected, .... $2,386,854 95 
Less reinsurance and return premiums, . . 581,413 90 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 
Income from rents, 



$1,805,441 05 

129,375 38 

7,677 88 



Gross cash income, $1,942,494 31 



360 



THE READING FIRE INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employe 
for State and local taxes, 
for rents, ..... 
for incidentals, .... 



Gross cash expenditures, $1,977,714 78 



$1,302,043 81 
68,673 53 



es, 



$1,233,370 28 

100,000 00 

287,883 28 

180,300 29 

61,285 41 

21,909 54 

92,965 98 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$306,479,994 00 $3,204,419 85 
238,258,657 00 2,416,026 28 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



4,738,651 00 $5,620,446 13 
217,647,004 00 2,332,801 39 



$327,091,647 00 ?3,287,644 74 
31,864,358 00 320,290 90 



$295,227,289 00 £2,967,353 84 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire and tornado losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), . 
Company's stock owned by directors, .... 



$17,655,344 00 

9,936,456 00 

1,244,867 00 

400,000 00 

100,000 00 

7,500 00 



"THE READING FIRE INSURANCE COMPANY," READING, PA. 

[Incorporated July 8, 1867. Commenced business July 8, 1867.] 

Paid-up Capital, $250,000. 

W. A. TIPPING, President. THOS. H. SCOTLAND, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Philadelphia & Reading R.R. bonds, . . $40,000 00 $38,800 00 

Perkiomen R.R. bonds, 2,000 00 2,040 00 

United States bonds, 80,000 00 99,150 00 

Grand Rapids & Indiana R.R. bonds, . . 20,000 00 22,800 00 

Union Pacific R.R. bonds, 25,000 00 26,125 00 

Reading City Passenger Railway bonds, . . 6,000 00 6,300 00 

South Reading Market House Co. scrip, . . 900 00 900 00 



THE READING FIRE INSURANCE CO. 



361 



N. Y. Central & Hudson River R.R. bonds, 

Long Island R.R. bonds, .... 

Atchison, Topeka & Santa Fe R.R. bonds, 

Reading & Columbia R.R. bonds, 

Baltimore & Ohio R.R. bonds, . 

Phila. Electric Gold Trust certificates, 

250 shares Reading Gas Co., . 

124 " South Reading Market House Co., 

200 " East Pennsylvania R.R., . 

150 " National Union Bank, Reading, 

50 " Farmers' National Bank, Reading, 
100 " Second National Bank, Reading, 
200 " Philadelphia Traction Co., 

70 " Reading City Passenger Railway, 



Securities held as collateral for cash loans : — 

39 shares South Reading Market House Co., . 
490 " Philadelphia & Reading R.R., 
Reading Foundry Co. bonds, .... 



Par Value. 

$25,000 00 

10,000 00 

20,000 00 

10,000 00 

25,000 00 

10,000 00 

6,250 00 

3,100 00 

10,000 00 

3,750 00 

1,500 00 

10,000 00 

10,000 00 

3,500 00 



Market Value. 

$24,250 00 

8,800 00 
19,800 00 
10,150 00 
24,625 00 

9,850 00 
16,250 00 

4,588 00 
12,000 00 
13,800 00 

4,100 00 
21,000 00 
19,200 00 
10,500 00 



$322,000 00 $395,028 00 



Market Value. Loaned Thereon. 



$1,443 00 

6,517 55 

25,000 00 



$700 00 

5,000 00 

25,000 00 



$32,960 55 $30,700 00 



Summary of Assets Dec. 31, 1899. 



Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 
Prem's more than three mos. due, . $597 56 
Gross assets, 



$16,850 00 

314,865 00 

4,530 32 

395,028 00 

30,700 00 

2,459 92 

29,199 08 

• 731 49 

64,117 82 

242 41 

635 00 



$859,359 04 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



$1,998 11 

36,742 30 

1,800 00 



,540 41 
11,210 76 

,329 65 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, . 



$270,900 00 
467,750 00 
356,290 00 



362 



THE READING FIRE INSURANCE CO. 



Unearned premiums on outstanding rii . $288,032 91 

Reclaimable on perpetual fire policies, . 1 17 

State and local taxes, 1,000 00 

Commissions and brokerage, .... 19,243 21 

Return premiums and reinsurance, . . . 13,206 18 

Reinsurance disallowed, 6,665 53 

Gross liabilities, except capital, . . . 

Surplus as regards policy holders, 

Paid-up capital, 



$362,298 65 

39 
,000 00 



Surplus over capital, $247,060 39 



Inxome 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Xet cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 
Income from all other sources, 

Gross cash income, 



other 



$55,422 56 

4,093 31 

$51,329 25 

509,958 22 

?561,287 47 
64,715 38 

£496,572 09 
99,796 51 



SOUl 



$396,775 58 
17,598 23 

13,261 47 
737 42 
3,l v 

$431,55; 



Expenditures. 

Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Xet cash paid for fire losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for rents, 

for incidentals, .... 

for expense on real estate, 



$282,489 94 
20,782 51 



$261,707 43 

15,000 00 

94,466 11 

32,021 17 

5,358 28 

1,800 00 

17,353 74 

" 93 



Gross cash expenditures, $427,972 66 



THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



363 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1898, . . $39,538,223 00 $433,975 72 
Fire risks written during 1899, . . . 41,682,443 00 509,958 22 



Total, $81,220,666 00 $943,933 94 

Deduct risks expired and terminated, . . 25,622,827 00 384,830 11 



In force at end of year, 
Deduct amount reinsured, 



.$55,597,839 00 $559,103 83 
. 5,424,669 00 47,105 56 



Net amount in force, $50,173,170 00 $511,998 27 

Perpetual risks in force (not incl'd above) , . $152,750 00 $5,071 37 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, . 



$5,283,678 00 

2,847,115 00 

256,874 00 

500,061 00 

15,000 00 

248,410 00 



"THE RELIANCE INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 21, 1841. Commenced business Aug. 9, 1844.] 
Paid-up Capital, $300,000. 
WILLIAM CHUBB, President. CHAS. J. WISTER, Jr., Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

City of Pittsburgh, Pa., bonds, .... $18,000 00 $19,620 00 

City of Quincy, 111., bonds, .... 15,000 00 15,900 00 

City of Wilmington, Del., bonds, . . . 20,000 00 22,300 00 

City of Chester, Pa., bonds, .... 5,000 00 5,500 00 

South Bethlehem, Pa., bonds, .... 4,000 00 4,280 00 

Atlantic City, N. J., bonds, .... 5,000 00 5,200 00 

New Castle County, Del., bonds, . . . 5,000 00 5,400 00 

United Company of New Jersey bonds, . . 5,000 00 5,600 00 

Lehigh Valley Railroad Co. bonds, . . . 25,000 00 25,000 00 

Easton & Amboy Railroad Co. bonds, . . 20,000 00 22,000 00 

North Pennsylvania Railroad Co. bonds, . . 5,000 00 5,850 00 

Louisville & Nashville Railroad Co. bonds, . 8,000 00 9,040 00 

Northern Central Railroad Co. bonds, . . 10,000 00 10,650 00 

Philadelphia & Erie Railroad Co. bonds, . . 25,000 00 29,750 00 

Philadelphia & Baltimore Cent. R.R. Co. bonds, 10,000 00 10,400 00 



364 



THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



Pennsylvania Railroad Co. bonds, . 
Steubenville & Indiana R.R. Co. bonds, . 
Camden & Atlantic Railroad Co. bonds, . 
Pennsylvania & New York Canal Co. bonds, 
Allentown Terminal Railroad Co. bonds, 
Philadelphia & Reading R.R. Co. bonds, . 
Delaware River Ferry Co. bonds, 
Philadelphia Traction Co. bonds, 
People's Passenger Railway Co. bonds, . 
Pennsylvania & New York Canal Co. bonds, 
Second Ave. Trac. Co., Pittsburgh, Pa., bonds, 
Hunfdon & Br'd Top M. R.R. & Coal Co. bd's, 
Omaha Water Co., Omaha, Neb., bonds, . 
Pitts., Chartiers & Youghiogheny R.R. Co. bd's, 
United Traction Co. of Pittsburg bonds, . 
Northern Central Railroad Co. bonds, 
Philadelphia & Erie Railroad Co. bonds, 
West Jersey & Seashore Railroad Co. bonds, 
Susquehanna Coal Co. bonds, . 
100 shares Commercial National Bank, Phila 
25 " Mechanics 1 National Bank, Phila., 
Western Pennsylvania Railroad Co. bonds, 
Wilmington City Railway Co. bonds, 
Allegheny Valley Railway Co. bonds, 
Erie & Pittsburg Railroad Co. bonds, 
Allegheny Valley Railway Co. bonds, 
Lehigh Valley Railroad Co. bonds, . 
Pitts., Cincinnati, Chic. & St. Louis R'y Co. b'ds 
34 shares Omaha Water Co., . 
Louisville & Nashville Railroad Co. bonds, 
Penn. R.R. Co. Equipment Trust Loan, . 
32 shares company's own stock, . §2,016 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Perpetual insurance deposits, . 

Gross assets, 



Par Valne. 

$4,000 00 

10,000 00 

30,000 00 

40,000 00 

15,000 00 

20,000 00 

8,000 00 

5,000 00 

10,000 00 

20,000 00 

15,000 00 

10,000 00 

10,000 00 

7,000 00 

10,000 00 

20,000 00 

5,000 00 

5,000 00 

5,000 00 

1,500 00 

2,500 00 

10,000 00 

5,000 00 

10,000 00 

10,000 00 

10,000 00 

5,000 00 

36,000 00 

1,700 00 

8,000 00 

10,000 00 



Market Value. 

15,000 00 

11,300 00 

33,600 00 

42,000 00 

15,000 00 

23,200 00 

8,160 00 

5,200 00 

10,700 00 

18,000 00 

17,400 00 

10,800 00 

10,000 00 

7,280 00 

11,300 00 

20,600 00 

5,400 00 

5,400 00 

6,000 00 

500 00 

2,875 00 

10,800 00 

50 00 

10,800 00 

10,000 00 

12,700 00 

5,750 00 

36,000 00 

1,700 00 

7,840 00 

10,400 00 



.8,700 00 $577,345 00 

31, 1899. 

8100,000 00 

224,660 00 

2,694 62 

577,345 00 

984 03 

30,856 06 

63,650 98 

663 30 

747 00 

§1,001,600 99 



Value of lands mortgaged, $201,700 00 

Value of buildings thereon 270,300 00 

Amount of insurance held as collateral 175,066 00 



THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



365 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

JSTet amount of unpaid losses, 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 



$4,379 32 

33,213 72 

7,100 00 

$44,693 04 
8,827 51 

$35,865 53 

268,722 87 

134,938 58 

7,653 48 

9,015 39 



$456,195 85 

$545,405 14 
300,000 00 

$245,405 14 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Income from all other sources, . 
Deposits received for perpetual fire risks, 



Gross cash income, $331,556 75 



$52,163 14 
387,752 13 

$439,915 27 
63,650 98 

$376,264 29 
86,097 61 



sources, 



5,813 05 



$290,166 68 

11,003 93 

27,896 81 

2,151 88 

337 45 



Expenditures. 

Cash paid for fire losses, $250,868 41 

Deduct salvage and reinsurance, . . . 28,519 39 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for incidentals, .... 

Deposits returned on perpetual fire risks, . $4,160 00 



$222,349 02 
18,000 00 
72,145 98 
25,910 40 
12,120 72 
1,000 00 
26,045 89 



Gross cash expenditures, $377,572 01 



366 



ROCHESTER GERMAN INSURANCE CO. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

. $49,146,924 00 $515,382 49 
. 39,709,982 00 387,752 13 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 



. $88,856,906 00 $903,134 62 
. 34,174,938 00 332,322 07 



.$54,681,968 00 $570,812 55 
. 5,372,368 00 56,792 92 



Net amount in force, $49,309,600 00 $514,019 63 

Perpetual risks in force (not incl'd above), . $5,408,793 00 $147,854 80 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, 



$5,212,625 00 

3,193,759 00 

220,019 00 

904,597 00 

18,000 00 

45,200 00 



"ROCHESTER GERMAN INSURANCE COMPANY OF ROCHESTER, 
NEW YORK," ROCHESTER, N. Y. 

[Incorporated Feb. 16, 1872. Commenced business Feb. 23, 1872.] 

Paid-up Capital, $200,000. 

FREDERICK COOK, President. H. F. ATWOOD, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

§200,000 00 



Rochester Railway bonds, 

Georgia State bonds, 

Erie R.R. bonds, 

Santa Fe, Prescott & Phoenix R.R. bonds, 
Union Pacific R.R. bonds, .... 
Southern Railway bonds, .... 
Northern Pacific R.R. bonds, . 
Nashville, Chattanooga & St. Louis R.R. b'ds, 
Atchison, Topeka & Santa Fe R.R. bonds, 
Minneapolis & St. Louis R.R. bonds, 
German American Bank of Rochester stock, 
Title and Guarantee Co. of Rochester stock, 



25,000 00 
10,000 00 
25,000 00 
20,000 00 
20,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 



Market Value. 

$214,000 00 

30,000 00 

8,800 00 

25,000 00 

20,400 00 

21,300 00 

10,300 00 

10,450 00 

9,900 00 

11,200 00 

26,000 00 

10,000 00 



§360,000 00 $397,350 00 



ROCHESTER GERMAN INSURANCE CO. 



367 



Summary of Assets Dec. 31, 1899. 

Cash value of unencumbered real estate, . $205,947 09 

Loans on mortgage of real estate (first liens*), 395,740 00 

Interest due or accrued thereon, . . . 6,590 13 

Stocks and bonds, as per schedule, . . . 397,350 00 

Cash in the office of the company, . . . 1,316 21 

Cash deposited in bank, 63,276 04 

Interest due and accrued, 4,425 03 

Premiums in course of collection (gross), . 79,812 54 

Gross assets, 

Deduct special deposits in other States, 



[,154,467 04 

30,000 00 



Balance, $1,124,457 04 



Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



$6,509 90 

30,558 00 

4,375 00 

322,767 73 

26,385 46 

291 61 

$390,887 70 
15,024 38 



Surplus over capital, . 



375,863 32 

$748,593 72 
200,000 00 

§548,593 72 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, ..... 

Income from all other sources, 

Gross cash income, .... 



$60,860 81 
513,769 13 

$574,629 94 
79,812 54 

$494,817 40 
125,873 39 



sources, 



$368,944 01 

21,049 35 

15,608 38 

9,733 40 

822 26 

$416,157 40 



* Value of lands mortgaged, $434,640 00 

Value of buildings thereon, 536,150 00 

Amount of insurance held as collateral, .... 387,100 00 



368 



SECURITY INSURANCE CO. OF NEW HAVEN. 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, . . 



$218,393 53 
35,302 75 



Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$60,226,614 00 
50,694,568 00 

$110,921,182 00 
42,179,478 00 

$68,741,704 00 
6,315,887 00 



$183,090 78 
20,000 00 
71,890 82 
33,649 67 
18,213 13 
37,444 71 

$364,289 11 

Premiums. 

$591,652 08 
513,769 13 

$1,105,421 21 
426,404 42 

$679,016 79 
68,052 44 



$62,425,817 00 $610,964 35 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$8,884,204 00 

4,966,997 00 

211,222 00 

479,000 00 

20,000 00 

35,663 00 



"SECURITY INSURANCE COMPANY OF NEW HAVEN," NEW 

HAVEN, CONN. 

[Incorporated April, 1841. Commenced business April, 1841.] 

Paid-up Capital, $300,000. 

CHAS. 8. LEETE, President. H. MASON, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Tradesmen's Nat'l Bank (New Haven) stock, . $16,000 00 823,360 00 

Second National Bank (New Haven) stock, . 11,700 00 20,475 00 

Merchants 1 Nat'l Bank (New Haven) stock, . 20,000 00 21,000 00 

Yale National Bank (New Haven) stock, . 20,000 00 25,400 00 

New Haven Nat'l B'k (New Haven) stock, . 21,000 00 36,960 00 

New Haven Co. N'l B'k (New Haven) stock, . 18,830 00 30,692 90 

First National Bank (New Haven) stock, . 13,300 00 21,280 00 

American Exchange Nat'l B'k (N. Y.) stock, . 10,000 00 18,500 00 

Southern New England Telephone Co. stock, . 16,400 00 21,648 00 



SECURITY INSURANCE CO. OF NEW HAVEN. 



369 



New York Steam Power Co. stock, . 
Northern R.R. of New Jersey stock, 
Union Pacific R.R. stock, . 
Northern Pacific R.R. stock, 
Norfolk & Western R.R. stock, 
Atchison, Topeka & Santa Fe R.R. stock, 
Chicago, Rock Island & Pacific R.R. stock, 
Clev., Cin., Chic. & St. Louis R'y Co. stock, 
Illinois Central R.R. stock, 
Delaware & Hudson Canal Co. stock, 
Fair Haven & Westville R.R. stock, . 
Newark (N. J.) Consolidated Gas Co. bonds, 
Macon (Ga.) Gas Light & Water Co. bonds, 
Minneapolis & St. Louis R.R. bonds, 
Columbus & Hocking Coal & Iron Co. bonds, 

Southern Railway bonds 

Central R.R. of Georgia bonds, 

Southern New England Telephone Co. bonds, 

Meriden (Conn.) Horse R.R. Co. bonds, . 

Lynn (Mass.) Belt Line Street R'y Co. bonds, 

Danbury & Bethel (Conn.) Horse R'y Co. b'ds 

Bridgeport (Conn.) Traction Co. bonds, . 

New Haven Street R'y Co. bonds, . 

New Haven, W. Hav. & Winch'r Ave.R.R. b'ds 

Binghamton & L. (N. Y.) St. R.R. bonds, 

Norwalk Tramway Co. (Conn.) bonds, . 

Waterbury (Conn.) Traction Co. bonds, . 

City of Indianapolis bonds, 

City of Omaha bonds, .... 

International Silver Co. bonds, 



Securities held as collateral for cash loans : — 



Southern New England Telephone Co. stock, 
City Bank of New Haven stock, 
Mechanics' Bank of New Haven stock, 
New Haven Water Co. stock, . 
Norwalk Tramway Co. bond, . 
International Silver Co. bonds, 
Swift & Co. stock, .... 
Southern New England Telephone Co. bonds 
New York & New Jersey Telephone Co. stock 
American Car & Foundry Co. stock, 
St. Louis & San Francisco R.R. stock, 
New Haven St. R'y Co. bonds, . 
Housatonic bond, .... 



Par Value. 

$2,500 00 

20,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

12,100 00 

10,000 00 

10,000 00 

10,000 00 

6,250 00 

10,000 00 

20,000 00 

21,000 00 

10,000 00 

17,000 00 

5,000 00 

6,000 00 

12,000 00 

3,500 00 

7,000 00 

10,000 00 

5,000 00 

1,000 00 

10,000 00 

6,000 00 

10,000 00 

3,600 00 

10,000 00 

10,000 00 



Market Value. 

11,543 33 

19,600 00 

7,537 50 

7,400 00 

6,900 00 

6,200 00 

12,916 75 

10,400 00 

11,200 00 

11,850 00 

10,250 00 

10,500 00 

17,500 00 

21,490 00 

7,000 00 

18,487 50 

1,500 00 

7,260 00 

13,200 00 

3,675 00 

7,420 00 

10,700 00 

5,700 00 

1,120 00 

10,300 00 

6,000 00 

10,400 00 

3,708 00 

11,000 00 

10,100 00 



$435,180 00 $502,173 98 



Market Value. Loaned Thereon. 



$13,596 00 
1,350 00 >j 



$3,000 00 



432 00 
1,125 00 

1,000 00 J 
6,060 00 
20,000 00 
13,310 00^1 
2,590 00 | 
5,800 00 
3,200 00 
2,280 00 
1,300 00 J 



2,500 00 

4,500 00 
10,000 00 

21,825 00 



$72,043 00 $41,825 00 



370 



SECURITY INSURANCE CO. OF NEW HAVEN. 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Rents due and accrued, .... 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
State and local taxes, 
Commissions and brokerage, . 
Reinsurance, .... 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 



Total 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of iusurance held as collateral, 



31, 1899. 

$89,200 00 

211,038 78 

1,511 02 

502,173 98 

41,825 00 

211 78 

62,936 65 

1,534 05 

101,246 66 

2,284 83 

129 16 



$1,014,091 91 



$21,131 00 

56,504 01 

2,881 00 



,516 01 
18,528 20 

$61,987 81 

409,730 94 

2,241 51 

1,009 99 

19,901 01 

16,955 72 

5,253 23 



$85,978 30 
1,009 84 

$84,968 46 
660,091 54 

$745,060 00 
95,861 87 

8649,198 13 
171,500 41 



517,080 21 

$497,011 70 
300,000 00 

$197,011 70 



$477,697 72 



$253,105 00 
•22i>,100 00 
157,900 00 



SECURITY INSURANCE CO. OF NEW HAVEN. 



371 



Marine premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, etc., .... 

Received for increased capital, . 

Gross cash income, .... 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash paid for marine and inland losses, . 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, 
Cash dividends paid, . . . . 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

Gross cash expenditures, . 

Risks and Premiums. 



$5,326 00 
92 98 

$5,233 02 
64,946 12 

$70,179 14 
5,384 79 

$64,794 35 
14,350 66 



sources, . 
$100,000 00 



,443 69 

11,215 74 

23,397 34 

3,771 67 

$566,526 16 



$377,388 77 
56,076 62 

$75,550 56 
21,569 32 



$321,312 15 



53,981 24 

16,000 00 

124,649 64 

72,221 77 

6,233 55 

$594,398 35 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total 

Deduct risks expired and "terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



Premiums 

$773,466 15 
660,091 54 

$1,433,557 69 
587,370 47 

$846,187 22 
98,587 73 

$69,762,193 00 $747,599 49 



$80,800,552 00 
67,336,922 00 

$148,137,474 00 
69,718,186 00 

$78,419,288 00 
8,657,095 00 



$578,820 00 
6,038,264 00 

16,617,084 00 
6,099,055 00 

$518,029 00 
111,421 00 



$27,668 48 
64,946 12 

$92,614 60 
66,506 45 

$26,108 15 
4,203 29 



$406,608 00 $21,904 86 



372 



SPRING GARDEN INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (5£ per cent.), . 
Company's stock owned by directors, . 



$10,983,954 00 

7,349,709 00 

339,997 00 

44,187 00 

484,281 00 

16,000 00 

79,680 00 



"SPRING GARDEN INSURANCE COMPANY," PHILADELPHIA, PA 

[Incorporated April 15, 1835. Commenced business Aug. 29, 1835] 

Paid-up Capital, $400,000. 

CHAS. ROBERTS, President. CLARENCE E. PORTER, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Allegheny Valley R.R. bonds, . . . . $ 10,000 00 ? 12,600 00 

Bells Gap R.R. bonds, 20,000 00 22,300 00 

Central Railroad of New Jersey bonds, . . 15,000 00 17,475 00 

Chicago & Western Ind. R.R. bonds, . . 15,000 00 18,000 00 

Clearfield & Jefferson R.R. bonds, . . . 25,000 00 28,250 00 

Cleveland, Columbus, Cin. & Ind. R.R. bonds, 10,000 00 13,200 00 

Cleveland Electric Railway bonds, . . . 5,000 00 5,300 00 

Easton & Amboy R.R. bonds, .... 7,000 00 7,735 00 

Edison Electric Gold Trust certificates, . . 25,000 00 27,750 00 

Electric & Peo. Trac. Gold Stock Trust cWs, . 30,000 00 29,250 00 

International Navigation Co. of N. J. bonds, . 51,000 00 51,000 00 

Jacksonville & St. Louis Railway bonds, . . 5,000 00 4,250 00 

Jacksonville Southeastern Railway bonds, . 7,000 00 7,000 00 

Lehigh Coal & Navigation bonds, . . . 45,000 00 51,150 00 

Lehigh Valley Coal Co. bonds, . . . 25,000 00 25,125 00 

Lehigh Valley R.R. bonds, .... 20,000 00 24,600 00 

Lehigh Valley Railway of New York bonds, . 5,000 00 5,350 00 

Mortgage Trust Co. of Penn. bonds, . . 25,000 00 18,500 00 

New York, Phila. & Norfolk R.R. bonds, . 55,000 00 50,250 00 

Pennsylvania & New York Canal & R.R. bonds, 25,000 00 23,000 00 

Pennsylvania & Northwestern R.R. bonds, . 25,000 00 25,000 00 

Pennsylvania Steel Co. bonds, .... 20,000 00 22,000 00 

People's Passenger Railway bonds, . . . 10,000 00 11,200 00 

Philadelphia Electric Gold Trust certificates, . 25,000 00 24,500 00 

Philadelphia & Reading R.R. bonds, . . 40,000 00 40,750 00 

Sanitary District of Chicago, Illinois, bonds, . 10,000 00 11,300 00 

Schuylkill River East Side R.R. bonds, . . 10,000 00 11,050 00 

Steubenville & Indiana R.R. bonds, . . 5,000 00 5,650 00 

St. Louis Merchants' Bridge Term. R'y bonds, 10,000 00 11,000 00 

Sunbuiy. Hazleton & Wilkes-Barre R'y bonds, 10,000 00 10,85'^ 00 



SPRING GARDEN INSURANCE CO. 



373 



United Gas Improvement Co. bonds, 
Wilmington & Northern R.R. bonds, 
600 shares Bethlehem Iron Co., 
300 " Central R.R. New Jersey, 
658 " Cambria Iron Co., . 
41 " Fourth St. National Bank of Phila., 
200 " Penn. National Bank of Phila., 



Par Value. 

110,000 00 
25,000 00 
30,000 00 
30,000 00 
32,900 00 
4,100 00 
10,000 00 



Market Value. 

$10,300 00 
26,250 00 
34,500 00 
35,550 00 
28,294 00 
6,970 00 
17,000 00 



$732,000 00 $774,249 00 



Summary of Assets Dec. 31, 1899. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Reclaimable on perpetual policies, . 
Rents due and accrued, .... 
Reinsurance due on losses paid, 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Reserved for dividend and contingencies 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 



$310,800 00 

71,300 00 

1,551 92 

774,249 00 

5,293 86 

49,721 34 

161,931 17 

225 00 

169 00 

293 93 



$1,375,535 22 



$12,691 77 

84,689 61 

3,747 66 

$101,129 04 
34,551 64 



1,577 40 

236,329 35 

390,010 02 

31,000 00 

12,459 82 

4,241 72 

31,229 24 

53,223 92 

5,990 50 



- 831,061 97 

. $544,473 25 
400,000 00 

. $144,473 25 



* Value of property mortgaged, 
Amount of insurance held as collateral, 



$124,525 00 
74,900 00 



374 



SPRING GARDEN INSURANCE CO. 



Income. 
Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 



$125,710 23 
908,814 25 

$1,034,524 48 
161,931 17 



Entire premiums collected, .... $872,593 31 
Less reinsurance and return premiums, . . 509,658 20 

Net cash fire premiums received, . . . $362,935 11 

Interest received on mortgages, 7,276 84 

Interest and dividends received from all other sources, . . 52,408 49 

Income from rents, etc., 3,183 37 

Deposits received for perpetual fire risks, . $17,863 79 

Gross cash income, $425,803 81 



Expenditures. 

Cash paid for fire losses, $511,019 69 

Deduct salvage and reinsurance, . . . 124,306 46 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Deposits returned on perpetual fire risks, . $28,036 14 



$386,713 23 
32,000 00 
127,232 45 
42,892 30 
34,654 31 
71,106 83 



Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Perpetual risks in force (not incl'd above), 



$129,663,969 00 
105,485,953 00 

$235,149,922 00 
86,299,021 00 

$148,850,901 00 
101,504,337 00 

$47,346,564 00 

$18,247,474 00 



$694,599 12 

Premiums. 

$1,128,492 95 
908,814 25 

$2,037,307 20 
762,979 62 

$1,274,327 58 
833,445 99 

8440,881 59 

$427,788 91 



Miscellaneous. 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (8 per cent.), . 

Company's stock owned by directors, 



$4,926,023 00 

395,991 00 

1,929,215 00 

32,000 00 

86,550 00 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



375 



"ST. PAUL FIRE AND MARINE INSURANCE COMPANY," 

ST. PAUL, MINN. 

[Incorporated May, 1865. Commenced business May, 1865.] 

Paid-up Capital, $500,000. 

C H. BIGELOW, President. A. W. PERRY, Secretary, 



Detailed Statement of Stocks 



50 " Second National Bank of St. Paul, 

742 " Merchants' Nat'l Bank of St. Paul, 

332 " St. Paul Nat'l Bank of St. Paul, 

125 " First Nat'l Bank of Minneapolis, 
40 " N. W. Nat'l Bank of Minneapolis, 
50 " First Nat'l B'k of Stillwater, Minn 
45 " First Nat'l B'k of Alexandria, Minn 
60 " Amer. Ex. Nat'l B'k of D'th, Minn 
50 " First Nat'l Bank of Duluth, Minn., 
25 " First Nat'l B'k of St. Peter, Minn., 
20 " N. W. Nat'l B'k of Superior, Wis., 

100 " N. A. Tel. Co., Minneapolis, Minn 
75 " West Pub. Co., St. Paul, Minn., 
77 " Minneapolis Union Elevator Co., 

500 " St. P'l Foundry Co., St. Paul, Minn 

Northern Pacific Railway bonds, 

Chic, St. Paul, Mpls. & Omaha R'y Co. bonds 

City of Portland, Oregon, bonds, 

City of Jordan, Minn., bonds, . 

State of Georgia bonds, . 

City of St. Paul, Minn., certificates, 

City of Duluth, Minn., certificates, 

County of Missoula, Mont., bonds, 

City of Faribault, Minn., bonds, 

County of Kidder, N. D., bonds, 

County of Morton, N. D., bonds, 

Village of Glencoe, Minn., bonds, 

Town of Elmore, Minn., bonds, 

Town of Jo Davies, Minn., bonds, 

Town of Pilot Grove, Minn., bonds, 

Village of Winnebago City, Minn., bonds, 

Village of Fulda, Minn., bonds, 

Vil. of Detroit, Minn., School Dist. No. 1 b'ds 

Jt. Sch'l Dist. No. 33, Cass and Barnes, N. D.,b'ds 

School Dist. No 11, Big Stone Co., Minn., b'ds 

City of Richmond, Va., bonds, . 

Minneapolis Gas Light Co. bonds, 

Sch'l D't No. 85, Cass and Barnes Co., N. D., b'ds 

St. Paul Gas Light Co. bonds, . 



and Bonds. 

Par Value. 

$32,000 00 

5,000 00 

74,200 00 

33,200 00 

12,500 00 

4,000 00 

5,000 00 

4,500 00 

6,000 00 

5,000 00 

2,500 00 

2,000 00 

10,000 00 

7,500 00 

7,700 00 

25,000 00 

100,000 00 

50,000 00 

50,000 00 

25,000 00 

25,000 00 

32,000 00 

12,230 56 

10,000 00 

25,000 00 

9,000 00 

12,000 00 

8,000 00 

4,000 00 

5,500 00 

2,450 00 

4,500 00 

5,000 00 

5,000 00 

3,000 00 

3,000 00 

25,000 00 

6,000 00 

2,100 00 

10,000 00 



Market Value. 

$67,200 00 

9,800 00 

63,070 00 

26,560 00 

13,125 00 

5,600 00 

7,500 00 

6,525 00 

6,600 00 

6,500 00 

3,125 00 

2,000 00 

9,000 00 

8,375 00 

3,850 00 

25,000 00 

102,000 00 

68,500 00 

57,960 00 

28,620 00 

26,250 00 

32,000 00 

12,964 39 

12,000 00 

25,500 00 

10,350 00 

13,560 00 

9,600 00 

4,000 00 

5,830 00 

2,450 00 

4,500 00 

5,500 00 

5,750 00 

3,600 00 

3,000 00 

26,500 00 

6,240 00 

2,100 00 

11,200 00 



376 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



Roberts County, S. Dak., bonds, 

Grant County, New Mexico, bonds, . 

St. Paul Trust Co. bonds, .... 

Union Pacific Railway bonds, . 

Board of State Capitol Com. of Minn, cert's, 

Town of Fisher, Minn., bonds, 

City of Grand Forks, N. D., bonds, . 

Village of Gay lord, Minn., bonds, . 

School Dist. No. 81, Spokane Co., Wash., b'ds 

Contract for sale of lands, 



Par Value. 

112,000 00 

10,000 00 

2,500 00 

50,000 00 

75,000 00 

6,100 00 

4,0"0 00 

5,000 00 

50,000 00 

11,413 30 



Market Value. 

$13,200 00 

10,000 00 

2,500 00 

52,000 00 

76,500 00 

6,710 00 

4,600 00 

5,300 00 

58,000 00 

11,413 30 



$895,893 86 $984,027 69 



Securities held as collateral for cash loans : — 

Market Value. Loaned Thereon. 

50 shares N. Amer. Tel. Co., Minneapolis, . $4,500 00 f 3,300 00 

100 " Continental Nat'l Bank, Chicago, . 17,000 00 10,000 00 

83 " First National Bank, St. Paul, . 17,015 00 5,500 00 

50 u First Nat'l Bank, Little Falls, Minn., 6,500 00 5,000 00 

184 " Con. Elevator Co., Duluth, Minn., . 13,800 00 9,441 17 

25 " Franklin Investment Co., St. Paul, . 5,000 00 2,500 00 

30 " NatU German Am. Bank, St. Paul, . 2,550 00 1,500 00 

315 " Farwell,Ozmun,Kirk&Co.,St. PI, 39,375 00 15,980 00 

40 " C.W. Hackett Hardware Co., St. Fl, 4,400 00 2,500 00 

25 " St. Paul Title & Trust Co., . . 625 00 500 00 

124 " St. Paul Pioneer Press, . . . 3,100 00 2,000 00 

Little Falls, Minn., Elec. & Water Co. bonds, . 8,100 00 5,350 00 

Little Falls, Minn., Water Power Co. bonds, . 22,500 00 18,000 00 



$144,465 00 $81,571 17 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loaus on mortgage of real estate (first liens *) 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Notes taken for fire, marine and inland risks, 

Gross assets, 

Deduct special deposits in other States, . 

Balance, 



31, 1899. 

$655,372 24 

317,250 00 

984,027 69 

81,571 17 

12,624 48 

174,582 54 

262,078 52 

16,393 54 



$2,503,900 18 
118,250 00 

$2,385,650 18 



* Value of lands mortgaged, . . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$197,125 00 
461,450 00 
33S.425 00 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



377 



Liabilities. 

Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
■Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 

Gross liabilities, except capital, . 
Deduct liability on special deposits, . 



$53,941 10 

163,924 75 

6,700 00 

$224,565 85 
42,115 38 

$182,450 47 

1,067,950 55 

34,195 24 

1,732 14 

106,066 28 

$1,392,394 68 
43,859 34 



$1,348,535 34 



Surplus as regards policy holders, 
Paid-up capital, 



Surplus over capital, . 



. $1,037,114 84 
. 500,000 00 



. $537,114 84 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1898, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



$205,249 64 
1,858,431 69 

$2,063,681 33 
262,078 52 

$1,801,602 81 
325,639 18 



$1,475,963 63 



1,816 71 
494,050 82 

$520,867 53 
16,393 54 

$504,473 99 
166,762 97 



sources, . 



337,711 02 
20,073 32 
59,874 22 
17,154 30 

$1,910,776 49 



378 



ST. PAUL FIRE AND MARINE OT81 RANCE CO. 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employe 
for State and local taxes, . 
for incidentals, .... 



$1,140,658 74 
133,074 35 

$552,155 38 
228,942 75 



$1,007,584 39 



es, 



Gross cash expenditures, .... 

Risks and Premiums. 



323,212 63 
50,000 00 

351,725 08 
86,722 26 
45,127 91 

149,543 04 

. $2,013,915 31 



Premiums. 

Fire risks outstanding Dec. 31, 1898, . $158,419,399 00 $1,984,783 70 
Fire risks written during 1899, . . 135,012,986 00 1,858,431 69 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 

Deduct amount reinsured, . . 

Net amount in force, , 

Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$293,432,385 00 $3,843,215 39 
118,055,751 00 1,684,182 53 



$175,376,634 00 $2,159,032 86 
26,541,324 00 223,010 58 



$148,835,310 00 f 1,936,022 28 

f5,867,566 00 $173,602 96 
47,713,639 00 494,050 82 



$53,581,205 00 $667,653 78 
48,369,764 00 526,147 59 



$5,211,441 00 £141,506 19 
1,162,339 00 23,541 90 



$4,049,102 00 $117,964 29 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$26,336,781 00 

16,586,261 00 

1,041,882 00 

280,732 00 

1,446,694 00 

50,000 00 

68,800 00 



TEUTONIA INSURANCE CO. 



379 



"TEUTONIA INSURANCE COMPANY OF NEW ORLEANS," NEW 

ORLEANS, LA. 

[Incorporated April 12, 1871. Commenced business June 1, 1871.] 

Paid-up Capital, $250,000. 

ALBERT P. NOLL, President. GEORGE MEYER, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

$270,000 00 

160,000 00 

50,000 00 

10,000 00 

2,500 00 

1,000 00 



New Orleans city bonds, .... 

Louisiana State bonds, .... 

United States bonds, .... 

100 shares Canal Bank, New Orleans, 
25 " Germania N'l Bank, New Orleans, 
10 " Provident Savings Bank, N. O., 



Market Value. 

$318,600 00' 

176,000 00 

57,000 00 

12,900 00 

2,600 00 

930 00 



$493,500 00 $568,030 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Premiums in course of collection (gross) 
Gross assets, .... 



31, 1899. 

$40,000 00 

568,030 00 

429 60 

52,600 06 

66,907 27 



$727,966 93 



Liabilities. 
Losses adjusted, unpaid, .... 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, ...... 



Surplus over capital, 



Income. 
Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 



$15,135 00 

228,032 81 

13,485 00 

3,860 51 



),282 72 
532,062 27 

$592,344 99 
64,483 77 

$527,861 22 
154,476 41 



260,513 32 

$467,453 61 
250,000 00 

$217,453 61 



$373,384 81 



380 



TEUTON! A INSURANCE CO. 



Marine premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest and dividends received from all sources, 



$2,843 25 
34,973 54 

$37,816 79 
2,423 60 

$35,393 29 
9,415 25 



; 978 04 
21,560 41 



Gross cash income, £420,923 26 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



$294,484 41 
53,084 11 

$31,126 52 
12,841 23 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks written during 1899, . 
Deduct risks expired and terminated, 



627,058,530 00 
37,646,212 00 

£64,704,742 00 
32,421,304 00 

£32,283,438 00 
3,060,441 00 



$241,400 30 



18,285 29 

25,000 00 

77,350 01 

25,198 .55 

9,848 80 

35,364 34 

£432,447 29 



Premiums. 

£452,776 82 
532,062 27 

£984,839 09 
502,160 15 

$482,678 94 
41,514 64 



$29,222,997 00 $441,164 30 



$5,217,559 00 
5,217,559 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . . . . 



£34,973 54 
34,973 .54 



£7,247,088 00 

3,374,004 00 

241,400 00 

18,285 00 

613,892 00 

25,000 00 

82,100 00 



THURINGIA AMERICAN FIRE INSURANCE CO. 



381 



"THURINGIA AMERICAN FIRE INSURANCE COMPANY," 

NEW YORK, N. Y. 

[Incorporated May 17, 1898. Commenced buainess Aug. 15, 1898.] 

Paid-up Capital, $200,000. 
MAX LUDEWIG, President. J. M. SMITH, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

New York State bonds, $50,000 00 

New York city bonds, 165,000 00 

Union Pacific R.R. bonds, 15,000 00 

Northern Pacific R.R. bonds, .... 15,000 00 



Market Value. 

$51,117 28 

178,726 30 

16,268 75 

15,945 00 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Bills receivable, 

Prem's more than three mos. due, . $589 57 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 
Losses claimed and reported, . , 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, .... 

Income. 
Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 



$245,000 00 $262,057 33 

31, 1899. 

$262,057 33 

30,630 35 

1,712 50 

61,256 92 

43,397 72 

$399,054 82 



$14,016 09 
15,595 00 

$29,611 09 
1,347 92 

$28,263 17 

99,579 66 

14,780 76 

46 19 



142,669 78 

$256,385 04 
200,000 00 

$56,385 04 



$23,517 91 
233,347 29 

$256,865 20 
61,846 49 

$195,018 71 
48,347 04 



$146,671 67 



382 



TRADERS INSURANCE CO. 



Interest and dividends received from all sources, 
Income from all other sources, 



|7,72S 00 

43,397 72 



Gross cash income, $197,794 39 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



$65,267 80 
2,700 49 



Gross cash expenditures, .... 

Risks and Premiums 




Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$3,341,536 00 
18,332,206 00 

$21,673,742 00 
3,124,491 00 

$18,549,251 00 
435,948 00 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 



$62,567 31 

41,680 84 

17,720 21 

7,936 37 

21,493 51 

$151,398 24 



Premiums. 

$28,319 30 
233,347 29 

$261,666 59 
77,838 51 

$183,828 08 
4,277 45 



$18,113,303 00 $179,550 63 



$209,831 00 
62,567 00 
88,576 00 



"TRADERS' INSURANCE COMPANY/' CHICAGO, ILL 

[Incorporated February, 1865. Commenced business May, 1872.] 

Paid-up Capital, $500,000. 

E. BUCKINGHAM, President. R. J. SMITH, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $125,000 00 $141,687 50 

Chicago Packing & Provision Co. bonds, . 25,000 00 25,750 00 

North Chicago Street R.R. Co. bonds, . . 5,000 00 5,000 00 

Cass Avenue & Fair Grounds R'y bonds, . . 10,000 00 10,400 00 

Chicago & Eastern Illinois R.R. bonds, . . 10,000 00 11,125 00 

Lake Erie & Western R.R. bonds, . . . 20,000 00 24,000 00 

Wabash R.R. bonds, 25,000 00 28,312 50 

Atchison, Topeka & Santa Fe R'y bonds, . . 50,000 00 39,250 00 

Union Pacific R.R. bonds, 50,000 00 51,875 00 



TRADERS INSURANCE CO. 



383 



Metropolitan West Side Elevated R.R. bonds, 
Chicago, Milwaukee & St. Paul R'y stock, 
Chicago & N. W. R'y stock, . 
Illinois Central R.R. stock, 
Denver & Rio Grande R.R. stock, . 
Chicago, St. Paul, Minn. & Omaha R'y stock, 
Union Pacific R.R. stock, .... 
Chicago City Railway stock, . 
Chicago West Div. Railway stock, . 
North Chicago City Railway stock, . 
North Chicago Street R.R. stock, 
South Side Elevated R.R. stock, 
American Exchange National Bank stock, 
National Bank of America stock, 
America National Bank stock, . 
Corn Exchange National Bank stock, 
Union National Bank stock, . . . 
Continental National Bank stock, 
Central Music Hall stock, .... 
Chicago Leasehold Trustees' stock, . 
Town of Cicero warrants, . . . 



Par Value. 

$20,000 00 

100,000 00 
75,000 00 
50,000 00 

120,000 00 
15,000 00 
50,000 00 

170,000 00 

6,800 00 

5,000 00 

72,000 00 

30,000 00 

25,000 00 

30,000 00 

27,500 00 

10,000 00 

20,000 00 

32,500 00 

2,200 00 

25,000 00 

1,061 85 



Market Value. 

§18,750 00 

145,250 00 

129,500 00 

56,000 00 

82,800 00 

17,925 00 

37,000 00 

484,500 00 

40,800 00 

27,500 00 

165,600 00 

30,000 00 

2,500 00 

3,000 00 

48,400 00 

29,000 00 

27,000 00 

56,875 00 

6,600 00 

20,000 00 

976 90 



$1,207,061 85 $1,767,376 90 



Securities held as collateral for cash loans : — 

Chicago Auditorium Association bonds, . 
Note secured by trust deed, .... 



Market Value. Loaned Thereon. 

$28,000 00 $22,500 00 
5,000 00 3,000 00 



$33,000 00 $25,500 00 



Summary op Assets Dec. 31, 1899. 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, .... 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Due from admitted companies, 

Prem's more than three mos. due, $2,043 19 

Gross assets, 

Deduct special deposits in other States, . 



Balance, $2,241,080 84 



$31,985 70 

219.600 00 
6,312 04 

1,767,376 90 

25,500 00 

495 36 

88,136 97 

6,836 64 

108.601 09 
13,923 64 



1,268,768 34 
27,687 50 



Value of lands mortgaged, $371,984 00 

Value of buildings thereon, 290,883 00 

Amount of insurance held as collateral, .... 194,933 00 



384 



TRADERS INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Reinsurance disallowed, . 
Miscellaneous, 



Gross liabilities, except capital, 
Deduct liability on special deposits, . 



125,724 30 
79,753 03 
14,285 00 

$119,762 33 
13,822 00 

$105,940 33 

631,827 93 

11,379 65 

18,593 85 

13,146 54 

?780,888 30 
2,589 38 



$778,298 92 



Surplus as regards policy holders, . 
Paid-up capital, .... 



. $1,462,781 92 
500,000 00 



Surplus over capital, $962,781 92 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, , 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



Expenditures 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 



$83,888 36 
9 65 

$83,878 71 
1,127,493 30 

$1,211,372 01 
110,634 63 

$1,100,737 38 
222,303 49 



sources, 



$622,052 50 
100,333 25 



$878,433 89 

10,985 69 

74,889 25 

1,019 51 

6965,328 34 



8521,719 25 
50,000 00 



THE TRADERS' FIRE INSURANCE CO. 



385 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, .... 



Gross cash expenditures, .... 

Risks and Premiums. 



$179,940 50 
66,630 85 
27,706 34 
62,927 72 

$908,924 66 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



Premiums. 

$1,061,263 53 
1,127,493 30 

$2,188,756 83 
876,179 13 

$1,312,577 70 
103,092 86 

$101,890,426 00 $1,209,484 84 



$89,320,620 00 
102,522,056 00 

$191,842,676 00 
76,302,084 00 

$115,540,592 00 
13,650,166 00 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent.), . 
Company's stock owned by directors, 



$13,855,448 00 

8,430,583 00 

526,170 00 

1,372,500 00 

50,000 00 

141,400 00 



" THE TRADERS' FIRE INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated Jan. 18, 1898. Commenced business Feb. 2, 1898.] 

Paid-up Capital, $200,000. 

WM. A. HAL8EY, President. THEODORE SUTRO, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

. $200,000 00 

12,000 00 

10,000 00 

5,000 00 



New York city bonds, 

N. Y. Metropolitan Street R'y bonds, 

Illinois Central R.R. bonds, 

West Shore R.R. bonds, . 



Market Value. 

$206,968 75 

14,400 00 

10,000 00 

5,750 00 



$227,000 00 $237,118 75 



Summary of Assets Dec. 31, 1899. 



Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, 

Gross assets, .... 



$237,118 75 

4,679 84 

1,634 99 

79,122 18 

3,345 54 



$325,901 30 



386 



THE TRADERS' FIRE INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, 
Return premiums and reinsurance, 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, 

Impairment of capital, 



Income 

Fire premiums outstanding Dec. 31, 1898, . $104,102 29 

Premiums on risks written or renewed, . . 557,565 18 

Total, $661,667 47 

Premiums now in course of collection, , . 123,795 08 

Entire premiums collected, .... $537,872 39 

Less reinsurance and return premiums, . . 163,385 38 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 



$20,293 61 

30,149 59 

1,000 00 

$51,443 20 
6,631 58 

$44,811 62 

79,122 18 

29,158 01 

7,164 05 

3,414 36 



$163,670 22 



. $162,231 08 
200,000 00 

$37 



$374,487 01 
13,102 38 



Gross cash income, $387,589 39 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, .... 



$383,459 13 
34,136 85 



$349,322 28 

150,67c . 

2,400 00 

13.289 05 

8,793 11 



Gross cash expenditures, . $524,479 46 



UNION INSURANCE CO. 



387 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. $35,256,175 00 
. 62,095,334 00 

. $97,351,509 00 
. 49,355,149 00 

. $47,996,360 00 
. 23,386,279 00 



Premiums. 

$327,685 88 
557,565 18 

$885,251 06 
469,711 44 

$415,539 62 
271,011 70 



. $24,610,081 00 $144,527 92 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$823,663 00 
580,681 00 
365,943 00 
170,000 00 



"UNION INSURANCE COMPANY OF PHILADELPHIA," 
PHILADELPHIA, PA. 

[Incorporated Feb. 6, 1804. Commenced business July 25, 1803.] 

Paid-up Capital, $200,000. 

CHAS. 8. HOLLINSHEAD, President. E. R. DANNELS, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $10,000 00 $11,300 00 

Susquehanna Coal Co. bonds, .... 10,000 00 12,300 00 

Steubenville & Indiana R.R. Co. bonds, . . 15,000 00 16,950 00 

Chesapeake & Delaware Canal Co. bonds, . 15,000 00 8,400 00 

Philadelphia & Reading R.R. Co. bonds, . . 32,000 00 35,570 00 

Shamokin, Sunbury & Lewisb'g R.R. Co. bonds, 4,000 00 4,280 00 

Lehigh Valley R.R. Co. bonds, . . . 10,000 00 12,400 00 

North Penn. R.R. Co. bonds, .... 2,000 00 2,260 00 

Hestonville, Mantua & Fair. Pass. R.R. Co. b'ds, 3,000 00 3,570 00 

People's Passenger Railway Co. bonds, . . 11,000 00 12,210 00 

Lehigh Coal & Navigation Co. bonds, . . 10,000 00 10,500 00 

Cincinnati, Dayton & Ironton R.R. Co. bonds, 5,000 00 5,700 00 

Terminal R.R. Association of St. Louis bonds, 5,000 00 5,600 00 

Atlantic City R.R. Co. bonds, .... 11,00000 12,21000 

Union Traction Co. bonds, .... 10,000 00 9,750 00 

Huntingdon & Broad Top Car Trust Fund b'ds, 10,000 00 10,100 00 

Easton & Amboy R.R. Co. Trus. c'tifi's bonds, . 14,000 00 15,470 00 

Pennsylvania & N. Y. Canal & R.R. Co. bonds, 10,000 00 10,600 00 

Bloomfield Street Railway Co. bonds, . . 10,000 00 11,200 00 



388 



UNION INSURANCE CO. 





Par Value. 


Market Value. 


Lynn & Boston R.R. Co. bonds, 


$5,000 00 


$5,600 00 


Camden & Suburban Railway Co. bonds, 


10,000 00 


10,500 00 


100 shares Little Schuylkill R.R. Co., 


5,000 00 


6,000 00 


136 " North Pennsylvania R.R. Co., 


6,800 00 


13,872 00 


88 " Delaware Insurance Co., 


2,200 00 


2,268 00 


68 " Philadelphia National Bank, . 


6,800 00 


14,280 00 


88 " Farmers & Mechanics' Nafl Bank 


8,800 00 


9,328 00 


100 " Philadelphia Traction Co., 


5,000 00 


9,500 00 


109 " Thirt'th & Fift'th Sts. Pass. R'y Co. 


5,450 00 


33,790 00 


120 " Philadelphia & Reading R.R. Co., 


6,000 00 


1,293 75 


70 " Con. Traction Co. of Pittsburgh, 


3,500 00 


4,340 00 




$261,550 00 


$321,141 75 


Summary of Assets Dec 


. 31, 1899. 




Cash value of unencumbered real estate, 


. $160,000 00 




Loans on mortgage of real estate (first liens *) 


9,900 00 




Interest due or accrued thereon, 


150 00 




Stocks and bonds, as per schedule, . 


321,141 75 




Cash in the office of the company, . 


1,435 22 




Cash deposited in bank, .... 


23,812 64 




Interest due and accrued, .... 


241 68 




Premiums in course of collection (gross), 


52,275 70 




Notes taken for fire risks, .... 


1,120 82 




Cash in hands of manager, 


10,513 87 




Perpetual insurance, 


742 50 




Gross assets, ..... 




$581,334 18 




Liabilities. 






Losses adjusted, unpaid, .... 


? 10,651 55 




Losses claimed and reported, . 


31,077 45 




Total amount of losses 


$41,729 00 




Less reinsurance, 


4,598 79 




Net amount of unpaid losses, . 


$37,130 21 




Unearned premiums on outstanding risks, 


196,399 78 




Reclaimable on perpetual fire policies, . 


33,592 54 




Commissions and brokerage, . 


12,661 45 




Reinsurance disallowed, .... 


28 35 




Miscellaneous, 


29 70 




Gross liabilities, except capital, 




279,842 03 




Surplus as regards policy holders, . 


$301,492 15 






200,000 00 




$101,492 15 




$16,000 00 


Amount of insurance held as collateral, 


7,000 00 



UNION INSURANCE CO. 



389 



Income. 

Fire premiums outstanding Dec. 31, 1898 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 



Total, ...... 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from all other sources, 

Deposits received for perpetual fire risks, 



$47,766 28 
65 02 

$47,701 26 
318,388 76 

$366,090 02 
52,275 70 

$313,814 32 
54,135 50 



sources, 



.$1,020 61 



$259,678 82 

592 50 

17,285 75 

2,458 27 

449 27 



Gross cash income, $280,464 61 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for real estate expense, . 

for incidentals, .... 

Gross cash expenditures, .... 



$209,397 75 
18,729 35 



$190,668 40 
12,000 00 
52,046 34 
39,431 86 
9,515 58 
5,322 77 
19,667 62 

$328,652 57 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . . 
Deduct amount reinsured, 

Net amount in force, .... 
Perpetual risks in force (not incl'd above), 



$38,730,810 00 
30,590,558 00 

$69,321,368 00 
29,391,825 00 

$39,929,543 00 
2,170,448 00 

$37,759,095 00 
$1,258,146 00 



Premiums. 

$385,108 40 
318,388 76 

$703,497 16 
294,295 59 

$409,201 57 
22,855 47 

$386,346 10 
$37,325 05 



390 



THE UNITED FIRE INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, . 



62o,048,lll 00 

17,661,233 00 

188,919 00 

1,930,221 00 

12,000 00 

46,140 00 



"THE UNITED FIRE INSURANCE COMPANY OF BALTIMORE 

CITY," BALTIMORE, MD. 

[Incorporated Feb. 28, 1899. Commenced business April 20, 1899.] 
Paid-up Capital, $250,000. 
H. CRAWFORD BLACK, President. M. LEWIN HEWE3, Secretary. 



Detailed Statement of Stocks 



Baltimore city bonds, 
Maryland State bonds, 
United States bonds, . 
Virginia century bonds, 
Richmond, Va., bonds, 
Virginia Midland bonds, 
Atlanta bonds, . 
210 shares N. C. Railway Co., 



200 
20 
250 
625 
100 



National Bank of Commerce, 
First National Bank, 
Citizens 1 National Bank, . 
National Mechanics' Bank, 
Western National Bank, . 



and Bonds. 

Par Value. 

$290,200 00 
2,000 00 

18,000 00 
1,000 00 

10,000 00 
3,000 00 
2,000 00 

10,500 00 
3,000 00 
2,000 00 
2,500 00 
6,250 00 
2,000 00 



Market Value. 

$325,174 00 

2,000 00 

24,075 00 

850 00 

11,500 00 

3,307 50 

2,340 00 

19,225 00 

3,800 00 

2,900 00 

5,500 00 

16,875 00 

4,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest accrued thereon, .... 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 

Gross assets, 

Deduct special deposits in other States, . 



Balance, $531,238 1 



$352,450 00 |421,546 50 

31, 1899. 

$65,300 00 

6,800 00 

147 55 

421,546 50 

2,967 87 

8,712 16 

5,236 00 

33,118 00 

342 50 

2,092 59 

$546,263 17 

15,025 00 



* Value of lands mortgaged, $7,500 00 

Value of buildings tbereon, 7,500 00 

Amount of insurance held as collateral 5,000 00 



THE UNITED FIRE INSURANCE CO. 



391 



Liabilities. 

Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, 



$29,060 10 
500 00 

$29,560 10 
4,748 85 

$24,811 25 

95,392 40 

405 31 

82 94 

5,074 20 

12,003 69 

382 99 

$138,152 78 
12,186 80 



$ 125,965 98 

$405,272 19 
250,000 00 

$155,272 19 



Income. 

Fire premiums outstanding April 30, 1899,* . $74,247 29 
Premiums on risks written or renewed, , . 125,372 06 

Total, $199,619 35 

Premiums now in course of collection, . . 33,118 00 

Entire premiums collected, . . . $166,501 35 

Less reinsurance and return premiums, . . 28,531 67 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, 



$137,969 68 

187 00 

7,709 30 

3,022 61 



Gross cash income, $148,888 59 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



$65,577 24 
9,294 54 



Gross cash expenditures, 



$56,282 70 

52,483 10 

13,183 96 

6,333 75 

13,983 80 

$142,267 31 



* Reinsurance reserve from Howard and National. 



392 



UNITED FIREMEN'S INSURANCE CO. 



Risks and Premiums. 

Premium*. 

Fire risks outstanding April 30, 1899, . .$17,712,202 00 $148,140 77 
Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 



15,522,953 00 125,372 06 



$33,235,155 00 $273,512 83 
8,362,907 00 64,542 64 



. $24,872,248 00 
. 3,534,642 00 



$208,970 19 
31,094 01 



Net amount in force, . 



.$21,337,606 00 $177,876 18 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



?199,619 00 
56,283 00 
79,001 00 
47,715 00 



" UNITED FIREMEN'S INSURANCE COMPANY OF PHILADELPH I 

PHILADELPHIA, PA. 

[Incorporated April 2, 1860. Commenced business April 1, 1861.] 

Paid-up Capital, $300,000. 

ROBERT B. BEATH, President. DENNIS J. 8WEENY, Secretary. 

Detailed Statement op Stocks and Bonds. 

Par Value. Market Value. 

Allegheny Valley R.R. Co. bonds, . . . ?20,000 00 $25,200 00 

Atlantic City R.R. Co. bonds, .... 20,000 00 22,000 00 

Baltimore & Potomac R.R. Co. bonds, . . 5,000 00 6,150 00 

Chic, R. I. & Pacific R. W. Co. bonds, . . 15,000 00 15,900 00 

Chicago & Western Ind. R.R. Co. bonds, . . 10,000 00 12,000 00 

Evansville & Terre Haute R.R. bonds, . . 10,000 00 10,400 00 

Illinois Central R.R. Co. bonds, . . . 10,000 00 10,000 00 

Lake Erie & Western R.R. Co. bonds, . . 10,000 00 12,100 00 

Lehigh Valley R. W. Co. bonds, . . . 20,000 00 21,600 00 

Lehigh Coal & Navigation Co. bonds, . . 20,000 00 20,400 00 

McKeesport & Belle Vernon R.R. Co. bonds, . 10,000 00 12,300 00 

Northern Central R. W. bonds, . . . 10,000 00 11,100 00 

Penna. & New York Canal & R.R. Co. bonds, . 20,000 00 18,300 00 

Pennsylvania R.R. Co. bonds, . . . . 20,000 00 21,8<«0 00 

Phila. & Balto. Central R.R. Co. certificate, . 10,000 00 10,400 00 

Philadelphia & Erie R.R. Co. bonds, . . 20,000 00 25,4^0 00 

Pittsburg, Cincinnati & St. Louis R. W. bonds, 17,000 00 17.510 00 

Pittsburg, Cin., Chic, & St. Louis R. W. bonds, 20,000 00 82,800 00 

Car Trusts of New York, 12,000 00 12.120 00 



UNITED FIREMEN S INSURANCE CO. 



393 



Lehigh Valley R. W. Co. bonds, 

Electric & People's Traction Co. certificates, 

Newark (N. J.) Passenger R. W. Co. bonds, 

People's Passenger R. W. Co. certificates, 

Philadelphia Traction Co. bonds, 

Second Ave. Traction Co. (Pittsburg) bonds, 

The Mortgage Trust Co. of Penn. debenture, 

The Real Est. Title Ins. & Trust Co. debenture 

City of Woonsocket, Dak., bonds, 

United Gas Co. debenture bonds, 

200 shares Continental Pass'r R. W., Phila., 

30 " Frankford & Southw'k Pass'r R. W. 
200 " Union Passenger R. W., . 

34 " Mil. Underw's Build'g Asso.No. 1, 



Par Value. 

$10,000 00 
15,200 00 
10,000 00 
15,000 00 
10,000 00 
15,000 00 
10,000 00 
20,000 00 

6,000 00 
20,000 00 
10,000 00 

1,500 00 

10,000 00 

100 00 



Market Value. 

$10,000 00 

14,896 00 

11,600 00 

16,050 00 

10,600 00 

17,400 00 

7,200 00 

20,000 00 

6,000 00 

20,800 00 

30,000 00 

13,500 00 

48,000 00 

100 00 



Securities held as collateral for cash loans : — 

50 shares 13th & 15th Sts. Pass'r R'y Co., 

20 " Bucks Co. (Pa.) Trust Co., . 

12 " New Hope Delaware Bridge Co., . 

10 " Title Guarantee & Trust Co., N. Y., 
200 " Philadelphia Traction Co., 
Consolidated Trac. Co. of New Jersey bonds, . 

75 shares Real Est. Title Ins. & T. Co. Phila., 
500 " Philadelphia Traction Co., 

6 " Fr'kf 'd & South'k P. R.R. Co. Phila., 



$431,800 00 $534,176 00 



Market Value. Loaned Thereon. 

$15,000 00^ 

2,000 00 

1,200 00 

3,900 00 

19,000 00 

6,420 00 J 

8,550 00 

47,500 00 

2,700 00 



y $23,500 00 



5,000 00 

35,000 00 

2,000 00 



$106,270 00 $65,500 00 



Summary of Assets Dec. 31, 1899. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Perpetual deposits in course of collection, 
Prem's more than three mos. due, . $1,927 55 
Gross assets, 



$193,950 00 

609,281 50 

10,150 83 

534,176 00 

65,500 00 

4,488 28 

60,850 34 

1,225 33 

53,256 78 

212 65 

5,922 60 



$1,539,014 31 



* Value of property mortgaged, . 
Amount of insurance held as collateral, 



$1,066,725 00 
455,288 00 



394 



UNITED FIREMEN S INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



Income 

Fire premiums outstanding Dec. 31, 1898 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Deposits received for perpetual fire risks 



Gross cash income, 8324,328 01 



$14,357 40 

15,671 25 

9,550 00 

234,286 88 

728,775 71 

1,987 17 

4,500 00 

11,434 94 

7,139 81 

1,625 29 



f 1,029,328 45 

$509,685 86 
300,000 00 

$209,685 86 



$41,290 86 
329,123 95 

$370,414 81 
55,184 33 

$315,230 48 
53,045 30 



other sources, 



$262,185 18 
35,542 72 
26,600 11 



$26,814 70 



Expenditures. 

Cash paid for fire losses, $203,573 49 

Deduct salvage and reinsurance, . . . 13,670 66 

Net cash paid for fire losses, .... 

Cash dividends paid, . 

Cash paid for commissions and brokerage, .... 

for salaries of officers and employees, . 

for State and local taxes, 

for expense on real estate, 

for incidentals, 

Deposits returned on perpetual fire risks, . $15,942 36 



$189,902 83 
30,000 00 
61,502 89 
28,182 53 
5,047 35 
1,003 05 
28,550 70 



Gross cash expenditures, 



$344,189 35 



UNITED STATES FIRE INSURANCE CO. 



395 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 
Perpetual risks in force (not incl'd above) 



$41,930,192 00 
33,840,389 00 



Premiums. 

$412,476 55 
329,123 95 



$75,770,581 00 $741,600 50 
27,678,364 00 269,771 19 



$48,092,217 00 
2,761,983 00 



$471,829 31 
30,262 96 



$45,330,234 00 $441,566 35 
$35,304,299 00 $806,356 50 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Company's stock owned by directors, .... 



$4,871,069 00 

2,921,206 00 

188,655 00 

503,506 00 

30,000 00 

82,410 00 



"UNITED STATES FIRE INSURANCE COMPANY," 
NEW YORK, N. Y. 

[Incorporated April 1, 1824. Commenced business April 9, 1824.] 
Paid-up Capital, $250,000. 
W. W. UNDERHILL, President. S. M. CRAFT, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

Rensselaer & Saratoga R.R. stock, . . . $25,000 00 
Consolidated stock, New York city bonds, . 100,000 00 
United States bonds, 85,000 00 



Market Value 

847,500 00 
107,371 25 
103,900 00 



$210,000 00 $258,771 25 



Summary of Assets Dec. 31, 1899. 

Loans on mortgage of real estate (first liens *), $389,700 00 
Interest due or accrued thereon, . . . 4,189 56 



Stocks and bonds, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 



258,771 25 

1,620 70 

7,914 39 

627 07 



* Value of lands mortgaged, $353,500 00 

Value of buildings thereon, 378,000 00 

Amount of insurance held as collateral, .... 343,000 00 



396 



UNITED STATES FIRE INSURANCE CO. 



Premiums in course of collection (gross), 
Reinsurance due on losses paid, 

Gross assets,* 

Deduct special deposits in other States, . 



$78,436 62 
111 46 



1741,371 05 
70,400 00 



Balance, f 670,971 05 



Liabilities. 

Losses adjusted, unpaid, $12,669 44 

claimed and reported, .... 29,905 79 

disputed or resisted, .... 3,011 94 

Total amount of losses, f 45,587 17 

Less reinsurance, 6,314 10 

Net amount of unpaid losses, .... $39,273 07 

Unearned premiums on outstanding risks, . 228,421 98 

Due and accrued for rent, salaries, etc., . . 3,985 93 

Due for borrowed money, .... 25,000 00 

Commissions and brokerage, .... 16,855 32 

Return premiums, 17,723 50 

Reinsurance, 817 33 

Reinsurance disallowed, 510 60 

Gross liabilities, except capital, . . $332,587 73 

Deduct liability on special deposits, . . . 19,705 00 



Surplus as regards policy holders, . 
Paid-up capital, .... 



312,882 73 

1358,068 32 

250,000 00 



Surplus over capital, 6108.088 32 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 



$59,642 82 
137 20 

$59,505 62 
356,037 02 

$415,542 64 
74,889 09 

§340,653 55 
106,528 74 



$234,124 81 



* Including $125,000 special reserve fund held under New York law. 



UNITED STATES FIRE INSURANCE CO. 



397 



Marine premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from all other sources, 

Income from borrowed money, 

Gross cash income, .... 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash paid for marine and inland losses, . 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, . 

Gross cash expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$3,891 41 
40,948 59 

$44,840 00 
3,547 53 

$41,292 47 
9,466 29 



sources, 



$25,000 00 



$168,693 37 
20,249 35 

$44,588 30 
9,708 62 



. $40,239,310 00 
. 32,934,647 00 


.$73,173,957 00 
. 30,089,362 00 


. $43,084,595 00 
. 4,509,200 00 


. $38,575,395 00 

. $1,430,055 00 
. 2,212,660 00 


. $3,642,715 00 
. 2,416,623 00 


. $1,226,092 00 
42,387 00 


. $1,183,705 00 



$31,826 18 

17,730 36 

9,136 91 

32 15 



$292,850 41 



$148,444 02 



34,879 68 

20,000 00 

76,758 51 

26,104 82 

10,177 20 

34,335 18 

$350,699 41 



Premiums. 

$410,511 70 
356,037 02 

$766,548 72 
325,266 87 

$441,281 85 
51,201 07 

$390,080 78 

$39,040 20 
40,948 59 

$79,988 79 
47,729 08 

$32,259 71 
4,993 36 

$27,266 35 



398 



UNITED STATES LLOYDS. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, . 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, . . . . 



$6,915,265 00 

3,713,389 00 

158,764 00 

24,359 00 

1,906,590 00 

20,000 00 

64,600 00 



" UNITED STATES LLOYDS," NEW YORK, N. Y. 

[Commenced bueineeB December, 1872.] 
HIGGINS, COX & APPLETON, Attorneys. 



Detailed Statement of Stocks 



Massachusetts State bonds, 

United States bonds, 

New York city stock, .... 

Boston city bonds, 

Chicago, Rock Island & Pacific R.R. bonds, 
Havana municipal bonds, .... 
Consolidated stock, city of New York, 
Long Island R.R. Co. bonds, 
Union Pacific R.R. Co. bonds, . 
Atchison, Topeka & Santa Fe R.R. bonds, 
Northern Pacific Railway Co. bonds, 
Baltimore & Ohio R.R. Co. bonds . 
Scioto Valley & New England R.R. Co. bonds, 



and Bonds. 

Par Value. 

150,000 00 
8,000 00 

100,000 00 
50,000 00 
50,000 00 
25,500 00 
25,000 00 
50,000 00 
50,000 00 
50,000 00 
25,000 00 
50,000 00 
15,000 00 



Market Value. 

$54,250 00 
10,720 00 

102,500 00 
56,000 00 
53,000 00 
25,500 00 
25,000 00 
50,250 00 
52,000 00 
49,500 00 
25,875 00 
49,250 00 
14,850 00 



6548,500 00 £568,695 00 



Summary of Assets Dec. 31, 1899. 

Stocks and bonds, as per schedule, . . . £568,695 00 

Cash in the office of the company, . . . 2,000 00 

Cash deposited in bank, 47,234 26 

Interest due and accrued, 9,100 51 

Premiums in course of collection (gross), . 181,823 49 

Atlantic Mutual Insurance Co. scrip, . . 63,810 00 
Prem's more than three mos. due, £6,956 57 

Gross assets, 

Liabilities. 

Unpaid losses, 8144,770 00 

Unearned premiums on outstanding risks, . 181,823 49 

Cash deposited in trust, 12,697 57 

Due and accrued for rent, salaries, etc., . . 3,105 00 



$872,663 26 



UNITED STATES LLOYDS. 



399 



Commissions and brokerage, 
Return premiums, 
Reinsurance, 
Rebate, 

Reinsurance disallowed, 
Gross liabilities, . 

Surplus as regards policy holders, 



f21,777 72 

44,206 00 

68,527 10 

2,036 05 

24,017 60 



$502,960 53 
|369,702 73 



Income. 

Marine premiums outstanding Dec. 31, 1898, 
Same not collected, 



Net collected, 

Premiums on risks written or renewed, . 



Premiums now in course of collection, . 



$198,103 07 
2,388 49 

$195,714 58 
1,748,141*26 

$1,943,855 84 
228,116 49 



Entire premiums collected, .... $1,715,739 35 
Less reinsurance and return premiums, . . 1,330,932 91 
Net cash marine premiums received, 
Interest and dividends received from all sources, . 
Income from commissions, discounts, reinsurance, etc., . 
Profit on sale of bonds, 



$384,806 44 

29,634 94 

175,945 81 

5,232 50 



Gross cash income, $595,619 69 



Expenditures. 

Cash paid for marine and inland losses, . . $ 1,032,742 53 
Deduct salvage and reinsurance, . . . 616,422 97 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, . 

for State and local taxes, 



Gross cash expenditures, $569,431 07 



|416,319 56 

50,000 00 

38,369 33 

61,812 36 

2,929 82 



Risks and Premiums. 

Marine risks outstanding Dec. 31, 1898, . $26,007,781 00 

Marine risks written during 1899, . . 365,379,444 00 



In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



Total, $391,387,225 00 

Deduct risks expired and terminated, . 365,542,969 00 



$25,844,256 00 
13,406,960 00 



Premiums. 

$160,985 11 

1,748,141 26 

$1,909,120 37 

1,727,302 88 

$181,823 49 

80,207 75 



$12,437,296 00 $101,615 74 



400 



VICTORIA FIRE INSURANCE CO. 



Miscellaneous. 

Marine and inland losses incurred during the year, 
Dividends declared during the year, 



$1,292,026 00 
50,000 00 



" VICTORIA FIRE INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated June 24, 1896. Commenced buainese July 1, 1896.] 

Paid-up Capital, $200,000. 

HENRY H. HALL, President. EDW. K. BEDDALL, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. 

$105,000 00 
20,000 00 



United States bonds, . 
City of Chicago river bonds, 
Maine Central R.R. bonds, 
New York city loan, . 
Beech Creek R.R. stock, . 



Summary of Assets Dec 
Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 
Losses claimed and reported, . 

Unearned premiums on outstanding risks, 

Commissions and brokerage, . 

Reinsurance disallowed, .... 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



15,000 00 
50,000 00 
11,200 00 



Market Value. 

$139,650 00 
22,100 00 
15,750 00 
52,500 00 
11,536 00 



Surplus over capital, 



$201,200 00 $241,536 00 

31, 1899. 

$241,536 00 

12,121 58 

1,807 82 

7,122 80 

1262,588 20 



$16,704 10 

44,376 89 

810 40 

58 28 



61,949 67 

$200,638 53 
200,000 00 

$638 53 



Income. 
Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, 



Total 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest and dividends received from all sources, 



$7,522 74 
105,705 95 

$113,228 69 
7,122 80 

$106,105 89 
19,934 49 



$86,171 40 
8,255 23 



Gross cash income, $94,426 63 



WESTCHESTER EIRE INSURANCE CO. 



401 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, . . 

for salaries of officers and employees, 

for State and local taxes, . 

for rents, 

for incidentals, .... 

Gross cash expenditures, .... 



,703 40 
1,938 66 



$58,764 74 

10,000 00 

18,548 42 

3,694 69 

2,707 27 

600 00 

2,578 54 

§96,893 66 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. $5,511,754 00 
. 11,559,883 00 



Premiums. 

158,059 66 
105,705 95 



$17,071,637 00 $163,765 61 
8,054,702 00 74,819 65 



. $9,016,935 00 
249,343 00 



$88,945 96 
2,542 30 



5,767,592 00 $86,403 66 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), . 
Company's stock owned by directors, .... 



$262,173 00 
153,842 00 
70,042 00 
15,000 00 
10,000 00 
32,500 00 



" WESTCHESTER FIKE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated as mutual March 14, 1837. Commenced business as joint-stock Jan. 1, 1870.] 

Paid-tjp Capital, $300,000. 
GEO. R. CRAWFORD, President. M. O. BROWN, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Albany & Susquehanna R.R. stock, . . . $40,000 00 $80,000 00 

New York & Harlem R.R. stock, . . . 60,000 00 231,000 00 

Rensselaer & Saratoga R.R. stock, . . . 50,000 00 95,000 00 

New York, Lackawanna & W r estern R.R. stock, 80,000 00 106,000 00 

Rome, Watertown & Ogdensburg R.R. stock, . 50,000 00 65,000 00 

Oswego & Syracuse R.R. stock, . . . 20,000 00 43,000 00 

Long Island R.R. stock, 50,000 00 25,000 00 



402 



WESTCHESTER FIRE INSURANCE CO. 



Chicago & Northwestern R.R. stock, 
Chicago, Milwaukee & St. Paul R.R. stock, 
Delaware, Lackawanna & Western R.R. stock 
Pennsylvania R.R. stock, .... 
Delaware & Hudson Canal Co. stock, 
New York Central & H. R. R.R. stock, . 
Chatham National Bank stock, 
Syracuse, Binghamton & N. Y. R.R. stock, 

United States consols 

Chic, Burlington & Quincy R.R. bonds, . 
Erie Railroad bonds, .... 

St. Joseph & Grand Island R.R. bonds, . 
Atchison, Topeka & Santa Fe R.R. bonds, 
Chesapeake & Ohio R.R. bonds, 
Buffalo, Rochester & Pittsburg R.R. bonds, 
Philadelphia & Reading R.R. bonds, 
Western Union Telegraph Co. bonds, 
Richmond, Va., city bonds, 
Missouri, Kansas & Texas R.R. bonds, . 
Missouri Pacific R.R. bonds, 
Union Pacific R.R. bonds, 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Prem's more than three mos. due, $14,670 29 

Gross assets, 

Deduct special deposits in other States, . 



Par Value. 

$50,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
30,000 00 
5,000 00 
50,000 00 
75,000 00 
30,000 00 
60,000 00 
40,000 00 
30,000 00 
30,000 00 
30,000 00 
30,000 00 
20,000 00 
16,000 00 
30,000 00 
40,000 00 
30,000 00 



Market Value. 

$80,000 00 
86,000 00 
89,000 00 
65,000 00 
59,000 00 
39,500 00 
15,000 00 
95,000 00 
85,500 00 
32,500 00 
42,500 00 
34,000 00 
29,700 00 
35,000 00 
33,000 00 
25,800 00 
23,000 00 
16,000 00 
27,000 00 
45,000 00 
31,000 00 



Balance, |2,692,811 81 



$1,146,000 00 $1,633,500 00 

31, 1899. 

$225,000 00 

529,900 00 

9,978 20 

1,633,500 00 

144,641 07 

251,292 54 



$2,794,311 81 
101,500 00 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses. 



$42,012 64 

100,898 30 
7,125 00 

$150,035 94 
26,385 79 

$123,650 15 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$488,800 00 
568,800 00 
503,650 00 



WESTCHESTER FIRE INSURANCE CO. 



403 



Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



. $1,107,114 22 

15,110 01 

54,277 06 

1,538 77 

. $1,301,690 21 
45,810 03 



,255,880 18 



Surplus as regards policy holders, . 
Paid-up capital, .... 



. $1,436,931 63 
300,000 CO 



Surplus over capital, . . $1,136,93163 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 



Gross cash income, 



$266,243 14 
5,950 60 

$260,292 54 
1,649,255 24 

$1,909,547 78 
251,292 54 

$1,658,255 24 
357,055 73 

$1,301,199 51 

30,009 49 

sources, . . 78,071 73 

900 08 



$1,410,180 81 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . . - 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



$894,396 32 
112,292 84 



$782,103 48 

48,000 00 

286,869 86 

114,002 07 

36,326 11 

123,764 44 



Gross cash expenditures, 



. $1,391,065 96 



404 



THE WESTERN INSURANCE CO. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$208,771,330 00 $2,208,112 90 
178,628,009 00 1,649,265 24 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$387,399,339 00 £3,857,368 14 
143,410,505 00 1,494,006 03 



§243,988,834 00 $2,363,362 11 
21,522,605 00 210,572 48 



$222,466,229 00 $2,152,789 63 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (16 per cent.), . 
Company's stock owned by directors, 



$26,165,395 00 

14,422,338 00 

767,135 00 

846,000 00 

48,000 00 

96,820 00 



"THE WESTERN INSURANCE COMPANY OF PITTSBURGH," 

PITTSBURGH, PA. 

[Incorporated March 20, 1849. Commenced business May 1, 1849.] 
Paid-tjp Capital, $300,000. 
JOHN B. JACKSON, President. GEO. 8. GRAHAM, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, 

Allegheny County bonds, .... 
Pittsburgh Junction R.R. bonds, 
Pittsburgh & Western R.R. bonds, . 
100 shares Pittsburgh & Western R.R., . 
Pittsburgh & Allegheny Bridge Co. bonds, 
Monongahela Bridge Co. bonds, 
Jack's Run Bridge Co. bonds, . 
East McKeesport school bonds, 
Wilkinsburg Borough bonds, . 
Braddock Township school bonds, . 
New Brighton school bonds, 
German Evangelical Protestant Church bonds, 
Bellevue Borough bonds, .... 
Avalon Borough school bonds, . 
Connellsville Water Co. bonds, 
Pennsylvania Water Co. bonds, 



Par Value. 

£30,000 00 

20,000 00 

23,000 00 

10,000 00 

5,000 00 

15,000 00 

3,100 00 

4,000 00 

2,500 00 

30,000 00 

6,000 00 

5,000 00 

8,500 00 

4,500 00 

3,000 00 

6,000 00 

5,000 00 



Market Value. 

f33,900 00 

20,000 00 

26,600 00 

9,800 00 

500 00 

15,750 00 

3,100 00 

4,200 00 

2,650 00 

32,700 00 

6,090 00 

5,100 00 

8,520 00 

4,860 00 

3,052 50 

6,150 00 

5,400 00 



$180,600 00 f 188,372 50 



THE WESTERN INSURANCE CO. 



405 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Miscellaneous, 

Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Cash marine premiums received, . . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Income from profit on sale of real estate, 



Gross cash income, 



31, 1899. 

$62,000 00 

217,250 00 

3,476 75 

188,372 50 

2,036 68 

32,382 94 

786 66 

34,884 78 

75 00 



$7,011 01 

40,843 36 

1,250 00 

$49,104 37 
1,904 38 

$47,199 99 

145,738 97 

7,209 49 

1,914 36 

584 48 



$31,547 25 
209,376 40 

$240,923 65 
34,884 78 

$206,038 87 
28,369 25 



sources, 



$541,265 31 



202,647 29 

$338,618 02 
300,000 00 

$38,618 02 



$177,669 62 

262 34 

13,724 48 

7,661 86 

5,025 00 

3,299 59 

$207,642 89 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$255,250 00 
314,750 00 
186,100 00 



406 



"SVILLIAMSBURGH CITY FIRE INSURANCE CO. 



Expenditures. 
Cash paid for fire losses, . • . . . . £138,063 28 
Deduct salvage and reinsurance, . . . 2,499 07 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$135,o64 21 
18,000 00 
39,893 88 
10,547 47 
5,741 48 
10,810 36 

$220,557 40 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1898, . . $24,846,451 00 $272,658 47 
Fire risks written duriug 1899, . . . 20,111,404 00 1,376 40 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, . 

Net amount in force, . 

Marine risks written during 1899, . 
Deduct risks expired and terminated, 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (6 per cent.), 

Company's stock owned by directors, 



. $44,957,855 00 $482,034 87 
. 17,479,998 00 186,415 31 



.£27,477,857 00 $295,619 56 
743,923 00 8,732 71 



. $26,733,934 00 $286,886 85 



$31,114 00 


$262 34 


31,114 00 


262 34 


• ■ • 


$4,732,338 00 


. 


8,767,387 oo 


. 


161,425 00 


pany, 


989,500 00 


. 


18,000 00 


. 


61,820 00 



" WILLIAMSBURGH CITY FIRE INSURANCE COMPANY." 

BROOKLYN, N. Y. 

[Incorporated March, 1853. Commenced business March, 1553.] 

Pa id -tip Capital, $250,000. 

MARSHALL 8. DRIOG-S, President. FRED'K H. WAY, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Richmond, Va., bonds, $13,500 00 ? 13,500 00 

Georgia bonds, 25,000 00 28,750 00 

Brooklyn Union Gas Co. of Brooklyn bonds, . 9,000 00 11,350 00 

Consolidated stock, oity of Brooklyn, . . 88,000 00 94,160 00 



WILLIAMSBURGH CITY FIRE INSURANCE CO. 



407 



New York city bonds, .... 
New York & Hoboken Ferry Co. bonds, . 
American Malting Co. bonds, . 
Long Isl'd B'k of Brook'n st'k (in liquidation) 
First National Bank of Brooklyn stock, . 
Brooklyn Union Gas Co. of Brooklyn stock, 
Kings County Trust Co. of Brooklyn stock, 
Brooklyn City R.R. Co. of Brooklyn stock, 
Union Ferry Co. of Brooklyn stock, 
Chicago, Milwaukee & St. Paul R.R. Co. stock 
Western Union Telegraph Co. stock, 
Consolidated Gas Co. of New York stock, 
N. Y. & Hoboken Fer. Co. of New Jersey st'k 
Federal Steel Co. of New Jersey stock, . 
Manhattan Railway Co. of New York stock, 
Williamsburgh Trust Co. of New York stock, 
Delaware & Hudson Canal Co. stock, 
New York Central R.R. Co. stock, . 
Pennsylvania R.R. Co. stock, . 
Union Pacific R.R. Co. stock, . 



Securities held as collateral for cash loans : — 

103 shares WillWh T. Co. of Brookl'n, N. Y., 
72 " National Surety Co. of N. Y., . 



Par Value. 

$3,500 00 
30,000 00 
21,000 00 

22,000 00 
130,000 00 
9,000 00 
6,000 00 
85,000 00 
98,000 00 
80,000 00 
20,000 00 
29,900 00 
50,000 00 
30,000 00 
18,000 00 
20,000 00 
10,000 00 
10,000 00 
20,000 00 



Market Value. 

$3,500 00 
27,600 00 
19,950 00 

71,500 00 
182,000 00 
31,500 00 
14,160 00 
34,000 00 
151,460 00 
68,000 00 
38,000 00 
19,734 00 
36,000 00 
27,900 00 
36,000 00 
22,800 00 
13,100 00 
13,100 00 
14,600 00 



$827,900 00 $972,664 00 



Market Value. Loaned Thereon. 

$20,600 00 > $21)00000 
9,360 00 $ 

$29,960 00 §21,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 
Prem's more than three mos. due, . $337 49 

Gross assets,f 

Deduct special deposits in other States, . 



Balance, 



31, 1899. 

$629,000 00 

244,400 00 

3,510 25 

972,664 00 

21,000 00 

3,039 74 

31,589 58 

6,848 54 

86,788 30 

5,568 49 

1,338 75 



$2,005,747 65 
42,250 00 

$1,963,497 65 



* Value of lands mortgaged, $206,750 00 

Value of buildings thereon 206,500 00 

Amount of insurance held as collateral, .... 209,800 00 

f Including $280,000 special deposit held under New York law. 



408 



WILLIAMSBURG!! CITY FIRE INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, . 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



|20,935 51 

32,726 26 

3,110 25 

$56,772 02 
2,294 56 

$54,477 4G 

588,328 46 

1,282 00 

283 33 

3,786 78 

16,661 20 

1,273 99 

14,102 94 

£680,196 16 
,902 64 



$656,293 52 

. 81,307,204 13 
250,000 00 



$1,057,204 13 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, .... 

Interest and dividends received from all other sources, 

Income from rents, 

Gross cash income, 



$95,230 54 

7,618 44 

$87,612 10 

751,403 91 

$839,016 01 

87,125 79 

$751,890 22 

111,524 76 



$640,865 46 

9,226 45 
64,982 36 
27,902 89 

$742,477 16 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 



$338,558 72 
19,798 03 



$318,760 69 
59,678 00 



WILLIAMSBURGH CITY FIRE INSURANCE CO. 



409 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$166,056 34 

73,828 94 

7,166 99 

75,487 91 



,978 87 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

$134,934,157 00 $1,124,825 43 
83,944,311 00 751,403 91 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$218,878,468 00 $1,876,229 34 
75,830,573 00 677,510 39 



$143,047,895 00 $1,198,718 95 
7,093,563 00 66,411 98 



$135,954,332 00 $1,132,306 97 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of compan} T , 
Dividends declared during the year (24 per cent), 
Company's stock owned by directors, .... 



$17,330,013 00 
8,861,404 00 
331,432 00 
1,662,500 00 
60,000 00 
47,700 00 



AGGREGATE. 



Capital Stock. 
Capital actual]}- paid up in cash, 
Scrip outstanding, . 



Gross present assets, . 



Assets. 



Liabilities. 
Gross present liabilities, 

Income. 
Cash actually received for tire premiums, . 
for marine and inland premiums, 
for interest and dividends from all sources, 
from all other sources, 

Gross cash income, 

Expenditures. 
Cash actually paid during the year for fire losses, 

for marine and inland losses, .... 
for dividends to stockholders, .... 
for dividends to policy holders (mutual companies) 

for redemption of scrip, 

for interest to scrip holders, .... 
for brokerage and commission on premiums, . 
for salaries and pay of officers and employees, . 

for State and local taxes, 

for office, agency and incidental expenses, 

Gross cash expenditures, 

Miscellaneous. 
Whole amount of fire risks written during the year, 
premiums charged or receivable thereon, 
marine and inland risks written during the year, 
premiums charged or receivable thereon, 
fire risks terminated during the year, 
marine and inland risks terminated, 
fire risks outstanding at end of year, 
marine and inland risks outstanding, 
cash dividends declared during the year, 
fire losses incurred during the year, 
marine losses incurred during the vear, . 



$50,002,* 

6,291,399 



$221,158,004 



$96,162,411 



881,237,258 
7,231,379 
8,249,663 
1,601,140 

£98,319,440 



.450,999 
6,54 

6,222,088 

.436 

1,362,385 

389,295 

16,922.938 

7,673,586 

2,942.431 

7,17 



$101,720,030 



611,059,679,214 

108,735,962 

1,947,423,601 

10.245,710 

9,879,360,157 

1,938,971,817 

13,964,453,794 

191,231.171 

6,173,912 

53.720,548 

5,766,698 



UNITED STATES BRANCHES OF 

FOEEIGN FIEE AND MAEINE 

INSURANCE COMPANIES 



Detailed Statement of Assets and Liabilities, with Abstract 

of Annual Statements for the Year ending 

December 31, 1899. 









412 



AACHEN AND MUNICH FIRE INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



UNITED STATES BRANCH OF THE "AACHEN AND MUNICH FIRE 
INSURANCE COMPANY, " AIX-LA-CHAPELLE, GERMANY. 

Deposit Capital, $200,000. 

WEED & KENNEDY, United States Managers. 

Office, New York, X. Y. 



Detailed Statement of Stocks 



United States bonds, 

Cons, stock of city of New York bonds, . 
Atchison, Topeka & Santa Fe R.R. bonds, 
Union Pacific R.R. bonds, .... 
Northern Pacific R.R. bonds, . 
Chicago, Rock Island & Pacific R.R. bonds, 



and Bonds. 

Par Value. 
$375,000 00 

184,000 00 

25,000 00 

25,000 00 

25,000 00 

25,000 00 



Market Value. 

$501,562 50 

184,920 00 
24,625 00 
26,125 00 
25,750 00 
26,375 00 



?659,000 00 $789,357 50 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for fire risks, 
Prem's more than three mos. due, . $1,066 73 
Gross assets, 



31, 1899. 

$789,357 50 

806 41 

39,332 66 

920 00 

84,366 28 

1,150 92 



6915,933 77 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 
Due for bills receivable, . 



$66,875 00 
8,407 07 
1,150 92 



76,432 99 



Balance $839,500 78 



AACHEN AND MUNICH FIRE INSURANCE CO. 



413 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 

Return premiums, 

Reinsurance, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, 



Surplus over capital, .... 

Income. 
Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



$7,341 01 

•45,820 53 

5,175 00 

$58,336 54 
4,380 61 

$53,955 93 

312,321 57 

116 69 

316 73 

15,087 28 

7,672 22 

2,114 02 

$391,584 44 
11,771 92 



$81,555 34 
618,432 99 



Total, $699,988 33 

Premiums now in course of collection, . . 85,433 01 



Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest and dividends received from all sources, 
Income from all other sources, 



4,555 32 
133,549 51 



$379,812 52 

$459,688 26 
200,000 00 

$259,688 26 



$481,005 81 

25,857 69 

269 72 



Gross cash income, $507,133 22 






Expenditures. 

Cash paid for fire losses, 

Deduct reinsurance, 

Net cash paid for fire losses, .... 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for incidentals, 

Gross cash expenditures, .... 



$359,032 30 
36,112 61 



$322,919 69 
95,770 37 
62,474 22 
19,264 85 
3,344 04 
29,753 55 

$533,526 72 



414 



ATLAS ASSURANCE CO. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premium*. 

.|43,784,673 00 $567,594 35 
. 48,482,460 00 618,432 99 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



.|92,267,133 00 f 1,186,027 34 
. 42,142,279 00 540,452 72 



• f 50,124,854 00 f 645,574 62 
. 3,681,165 00 48,355 07 



Miscellaneous. 
Fire losses incurred during the year, 



. £46,443,689 00 ?597,219 55 
. £343,774 00 



UNITED STATES BRANCH OF THE "ATLAS ASSURANCE 
COMPANY,' 1 LONDON, ENGLAND. 

Deposit Capital, $200,000. 

J. M. NEUBURGER, United States Manager. 

Office, Chicago, III. 



Detailed Statement of Stocks and Bonds. 

Par Value, 

United States bonds, f 350,000 00 

Boston city bonds, 180,000 00 

Pennsylvania Railroad bonds, .... 25,000 00 

N. Y. Central & Hudson River R.R. bonds, . 25,000 00 

Boston & Maine Railroad bonds, . . . 25,000 00 

New York & Putnam Railroad bonds, . . 25,000 00 

Louisville, Ky., city bonds, .... 50,000 00 

St. Louis, Mo., city bonds, .... 15,000 00 

Massachusetts State highway loan, . . . 50,000 00 

New Mexico Territorial bonds, . . . 10,000 00 



Market Value. 
f399,000 00 

202,500 00 
27,625 00 
26,000 00 
32,000 00 
26,000 00 
52,500 00 
16,350 00 
54,250 00 
10,820 00 



f755,000 00 $847,045 00 



Summary of Assets Dec. 31, 1899. 



Stocks and bonds, as per schedule, . 

Cash in the office of the comp'y and with trust's, 

Cash deposited in bank, 

Interest due and accrued, 

Premiums in course of collection (gross), 
Reinsurance due on losses paid, 
Prem's more than three mos. due, . §520 07 
Gross assets, 



f847,045 00 

61,561 86 

11,350 52 

8,416 67 

134,610 92 

2,672 52 



$1,065,657 49 



ATLAS ASSURANCE CO. 



415 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 



$181,820 00 
13,412 38 



$195,232 38 



Balance, $870,425 11 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, . 

Surplus as regards policy holders, . 
Deposit capital, 

Surplus over capital, . 

Income 
Fire premiums outstanding Dec. 31, 1898, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 



$14,036 74 

65,601 33 

2,870 00 

$82,508 07 
13,113 52 

$69,394 55 

510,687 91 

3,806 93 

8,817 98 

24,048 37 

18,971 58 

682 03 

$636,409 35 
35,160 16 



$114,193 32 
68 07 

$114,125 25 
973,009 47 

$1,087,134 72 
135,062 92 



Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest and dividends received from all sources, 

Deposits received for perpetual fire risks, 

Received from home office, .... 

Gross cash income, 



$952,071 80 
249,087 24 



$864 12 
224,035 43 



601,249 19 

$269,175 92 
200,000 00 

$69,175 92 



$702,984 56 
31,282 03 



$734,266 59 



416 



BALOISE FIRE INSURANCE CO. 



$510,730 44 
57,610 30 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, .... 
Cash paid for commissions and brokerage, .... 

for salaries of officers and employees, . 

for State and local taxes, 

for incidentals, 

Remitted to home office, $252,532 73 

Gross cash expenditures, 



$453,120 14 

131,859 99 

49,777 60 

21,633 70 

61,034 40 



$717,425 83 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Perpetual risks in force (not incl'd above), 

Miscellaneous. 
Fire losses incurred during the year, 



$83,624,371 00 

99,303,061 00 

$182,927,432 00 

77,902,407 00 



$105,025,025 00 
12,389,231 00 

892,635,794 00 

$106,322 00 



Premiums. 

$956,807 32 
97::; 

$1,929,816 79 

812,071 68 

$1,117,745 11 
132,20 

$985,478 34 

" 29 



$484,752 00 



UNITED STATES BRANCH OF THE "BALOISE FIRE INSURANCE 
COMPANY," BASLE, SWITZERLAND. 

Deposit Capital, $200,000. 

WEED & KENNEDY, United States Managers. 

Office, New York, N. Y. 



Detailed Statement of Stocks and Bonds. 



United States government bonds, 

Consolidated stock of the city of N. Y. bonds, 

Atchison, Topeka & Santa Fe R.R. Co. bonds, 

Union Pacific R.R. Co. bonds, . 

Northern Pacific R.R. Co. bonds, 

Chicago, Rock Island & Pacific R.R. Co. bonds, 



' Par Value. 

$200,000 00 
200,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 



Market Valne. 

$267,500 00 
216,000 00 
49,250 00 
52,250 00 
51,500 00 
52,750 00 



8600,000 00 £689,250 00 



BALOISE FIRE INSURANCE CO. 



417 



Summary of Assets Dec. 31, 1899. 



Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Prem's more than three mos. due, . $658 10 
Gross assets, 



Unadmitted. 



Cash not in control of trustees, 



$689,250 00 

107 19 

71,527 81 

1,166 67 

88,795 87 



$850,847 54 



1,663 12 



Balance, $849,184 42 



Liabilities. 

Losses adjusted, unpaid, $27,418 33 

claimed and reported, .... 36,119 41 

disputed or resisted, .... 1,875 00 

Total amount of losses, $65,412 74 

Less reinsurance, 3,952 81 

Net amount of unpaid losses, .... $61,459 93 

Unearned premiums on outstanding risks, . 219,428 38 

Commissions and brokerage, .... 21,321 20 

Return premiums and reinsurance, . . . 23,523 42 

Reinsurance disallowed, 55 37 

Gross liabilities, except capital, . . . 

Surplus as regards policy holders, ...... 

Deposit capital, 

Surplus over capital, 

Income. 

Fire premiums outstanding Dec. 81, 1898, . $79,256 69 
Premiums on risks written or renewed, . . 490,672 65 

Total, $569,929 34 

Premiums now in course of collection, . . 89,453 97 

Entire premiums collected, .... $480,475 37 
Less reinsurance and. return premiums, . . 117,429 90 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 



325,788 30 

$523,396 12 
200,000 00 

$323,396 12 



$363,045 47 
23,865 82 



Gross cash income, 



$386,911 29 



418 BAVARIAN MORTGAGE AND EXCHANGE BANK. 



Expenditures. 

Cash paid for fire losses, $283,826 74 

Deduct salvage and reinsurance, . . . 16,183 34 

Net cash paid for fire losses, .... $267,643 40 

Cash paid for commissions and brokerage, .... 117,615 16 

for salaries of officers and employees, . . . 1,500 00 

for State and local taxes, 3,032 87 

for incidentals, 2,033 63 



Gross cash expenditures, ... . $391,825 06 

Risks and Premium-. 

Premiums. 

Fire risks outstanding Dec. 31, 1898, . .$31,389,875 00 $348,310 07 
Fire risks written during 1899, .... 45,955,254 00 490,672 65 



Total, $77,345,129 00 $838,982 72 

Deduct risks expired and terminated, . . 38,306,648 00 397,539 70 



In force at end of year, . . . $39,038,481 00 $441,443 02 

Deduct amount reinsured, . . . 2,406,100 00 27,012 70 



Net amount in force $36,632,38100 $414,430 32 

Miscellaneous. 
Fire losses incurred during the year, ... . $300,259 00 



UNITED STATES BRANCH OF THE "BAVARIAN MORTGAGE 
AND EXCHANGE BANK," BAVARIA. 

Deposit Capital, $200,000. 

ALBERT WILLCOX, Manager. 

Office, New York, N. Y. 
Detailed Statement of Stocks and Bonds 

Par Value. Market Value. 

United States bonds, $200,000 00 $266,000 00 

New York city bonds, 300,000 00 324,000 00 

Baltimore & Ohio R.R. bonds, .... 50,000 00 46,500 00 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



$550,000 00 6636,500 00 

31, 1899. 

$636,500 00 

147,152 54 

3,958 33 

181,543 16 

$969,154 03 



BAVAKIAN MORTGAGE AND EXCHANGE BANK. 



419 



Unadmitted. 



Cash not in control of trustees, 
Balance, . 



$47,152 54 
$922,001 49 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . 
Total amount of losses, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 
Return premiums, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Deposit capital, 



Surplus over capital, 



Income 

Fire premiums outstanding Dec. 31, 1898 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest and dividends received from all sources, 

Deposits received for perpetual fire risks 



Gross cash income, 



$16,921 59 

101,489 58 

118,411 17 

362,269 75 

890 00 

42,024 78 

27,287 56 



$51,113 69 
811,091 52 

. f 862,205 21 
181,543 16 

. $680,662 05 
100,855 01 



. $845 50 



550,883 26 

$371,118 23 
200,000 00 

$171,118 23 



$579,807 04 
21,738 01 



$601,545 05 



Expenditures. 

Cash paid for fire losses, $246,232 15 

Deduct salvage and reinsurance, . . . 538 58 

Net cash paid for fire losses, .... $245,693 57 

Cash paid for commissions and brokerage, .... 161,795 78 
for salaries of officers and employees, . . . 1,520 00 

for State and local taxes, 204 25 

for incidentals, 1,789 68 

Remitted to home office, $52,873 85 



Gross cash expenditures, 



$411,003 28 



420 



BRITISH AMERICA ASSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 

Perpetual risks in force (not incl'd above), 

Miscellaneous 
Fire losses incurred during the year, 



$15,277,474 00 

64,878,065 00 

$80,155,539 00 

12,704,226 00 

$67,451,313 00 

$23,334 00 



Premlumj. 

$154,957 68 
811,091 51 

$966,049 20 
294,357 39 

$671,691 81 
$890 00 



$353,051 00 



UNITED STATES BRANCH OF THE "BRITISH AMERICA 
ASSURANCE COMPANY," TORONTO, CANADA. 

Deposit Capital, $200,000. 

FREDERICK B. CARPENTER, Attorney. 

Office, 92 Water Street, Boston. 



Detailed Statement of 

United States bonds, . 
Georgia State bonds, 
City of London, Canada, bonds, 
City of Toronto, Canada, bonds, 
City of Kingston, Canada, bonds, 
City of Winnipeg, Canada, bonds, 
City of Richmond, Va., bonds, . 
City of Toledo, Ohio, bonds, . 
City of Columbus, Ohio, bonds, 
City of Brooklyn, N. Y., bonds, 
City of Riverside, Cal., bonds, . 
City of Colorado Springs, Col., bonds, 
New l r ork & West Shore R.R. bonds, 
Central Canada L. & S. Co. debentures, 
Toronto Electric Light Co. bonds, . 
Rochester Electric Railway Co. bonds, 
Freehold Loan and Savings stock, . 



Stocks and Bonds. 

Par Value. 

$275,000 00 

25,000 00 

150,000 00 

40,000 00 

20,000 00 

20,000 00 

26,300 00 

60,000 00 

50,000 00 

30,000 00 

25,000 00 

25,000 00 

12,000 00 

100,000 00 

20,000 00 

25,000 00 

12,000 00 



Market Value. 

$313,500 00 
30,500 00 

159,744 00 
40,480 00 
22,860 00 
22,236 00 
27,321 06 
68,752 00 
54,500 00 
33,225 00 
27,937 50 
26,500 00 
13,470 00 

100,000 00 

20,606 00 

26,750 00 

9,960 00 



$915,300 00 $998,341 56 



Summary of Assets Dec. 31, 1899. 

Loans on mortgage of real estate (first liens,*), $10,000 00 
Stocks and bonds, as per schedule, . . . 998,341 56 



* Value of property, 



$50,000 00 



BRITISH AMERICA ASSURANCE CO. 



421 



Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross) , 
Notes taken for fire, marine and inland risks, 
Gross assets, ..... 



115,694 02 
9,652 51 

179,001 35 
2,563 85 



fl,215,253 29 



Unadmitted. 

Special deposits in other States, . . . $293,511 06 

Cash not in control of trustees, . . . 15,694 02 

Bills receivable not in control of trustees, . 2,563 85 



311,768 93 



Balance, $903,484 36 



Liabilities. 

Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, 



Surplus over capital, 



$25,177 52 

63,435 17 

5,840 20 

600,897 05 
35,800 87 

$731,150 81 
95,603 58 



635,547 23 

$267,937 13 
200,000 00 

$67,937 13 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 

Total, ....... 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1898, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 



Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest and dividends received from all sources, 



$183,579 27 
1,085,187 13 

$1,268,766 40 
173,250 17 

$1,095,516 23 
237,279 77 

$21,509 50 
314,345 47 

$335,854 97 
5,751 18 



$330,103 79 
79,946 21 



$858,236 46 



250,157 58 
39,882 58 



Gross cash income, $1,148,276 62 



422 



BRITISH AND FOREIGN MARINE INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, . . , 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, , 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . — 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



$663,639 98 

45,999 97 

$232,129 43 

22,993 17 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

j.otai, ...... 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 

JLotal, t • • i • . 
Deduct risks expired and terminated, 

In force at end of year, , , . 



$ 113,097,370 00 
114,223,004 00 

$227,320,374 00 
98,161,392 00 

$129,158,982 00 
7,392,389 00 



6017,640 01 



209,136 26 

200,200 65 

61,238 30 

39,368 67 

58,028 39 

fl,185,612 28 

Premiums. 

§1,124,420 70 

1,085,187 13 

$2,209,607 83 

1,018,751 19 

£1,190,856 64 

78,504 63 



$121,766,593 00 §1,112,352 01 



$1,876,154 00 

37,635,850 00 

$39,512,004 00 

37,100,535 00 



$36,224 84 
314,345 47 

$350,570 31 
307,189 55 



$2,411,469 00 $43,380 76 



Miscellaneous. 
Fire losses incurred during the year, , , , 
Marine and inland losses incurred during the year, 



$625,705 00 
167,152 00 



UNITED STATES BRANCH OF THE " BRITISH AND FOREIGN 
MARINE INSURANCE COMPANY (LIMITED)," LIVERPOOL, 

ENGLAND. 

Deposit Capital, $300,000. 

FRANK G-AIR MACOMBER, Attorney. 

Office, 115 Water Street, Boston. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

Boston & Lowell R.R. bonds, .... 

Fitchburg R.R. bonds, 

Boston, Clinton, Fitch. & N. Bedford R.R. b'ds, 
New England R.R. bonds, .... 



Market Value. 

$100,000 00 $102,500 00 

30,000 00 30,675 00 

2,000 00 2,260 00 

50,000 00 65,000 00 



BRITISH AND FOREIGN MARINE INSURANCE CO. 



423 



Massachusetts State bonds, 

Boston & Maine R.R. bonds, 

Old Colony R.R. bonds, . 

Eastern R.R. bonds, . 

Brooklyn city bonds, . 

New York city water stock, 

United States bonds, . 

Port of Portland bonds, . 

City of Portland water bonds, . 

Allegheny Valley R.R. bonds, . 

Pennsylvania R.R. bonds, . 

Chicago, Mil. & St. Paul R.R. bonds. 

Richmond city bonds, 

Lehigh Valley R.R. bonds, 

N. Y. Central & Hudson River R.R. bonds, 

Pittsburgh, F't Wayne & Chicago R.R. stock, 

Cleveland & Pittsburgh R.R. stock, . 



Par Value. 

$12,000 00 
1,000 00 
87,000 00 
22,839 80 
42,000 00 
58,000 00 

210,000 00 

5,000 00 

10,000 00 

100,000 00 
68,100 00 
75,000 00 
50,000 00 
35,000 00 
50,000 00 
50,000 00 
25,000 00 



Market Value. 

$13,200 00 
1,235 00 
95,480 00 
26,005 57 
42,000 00 
58,000 00 

238,241 67 

6,100 00 

12,250 00 

124,250 00 
72,039 75 
87,375 00 
50,000 00 
37,012 50 
49,833 33 
91,625 00 
46,104 17 



$1,082,939 80 $1,251,186 99 



Summary of Assets Dec. 31, 1899. 

Loans on mortgage of real estate (first liens*), $27,500 00 

Interest due thereon, 625 00 

Stocks and bonds, as per schedule, . . . 1,251,186 99 

Cash in office and deposited in bank, . . 32,623 70 

Interest due and accrued, 15,296 88 

Premiums in course of collection (gross), . 365,026 29 

Reinsurance due on losses paid, . . . 96,245 72 

Special cash deposit, 1,500 00 

Prem's more than three mos. due, $24,469 33 

Gross assets, 

Unadmitted. 

Special deposits in other States, . . . $161,475 00 

Cash not in control of trustees, . . . 32,623 70 

Premiums in course in excess of unearned, . 171,351 93 

Reinsurance, 68,990 29 



$1,790,004 58 



434,440 92 



Balance, $1,355,563 66 

Liabilities. 

Losses adjusted, claimed and reported, . . $476,065 48 

Losses disputed or resisted, .... 39,545 00 

Total amount of losses, $515,610 48 

Less reinsurance, 142,173 59 

Net amount of unpaid losses, .... $373,436 89 



* Value of property mortgaged, . 

Amount of insurance held as collateral, 



$16,000 00 
15,500 00 



424 BRITISH AND FOREIGN MARINE INSURANCE CO. 

Unearned premiums on outstanding risks, . $193,674 36 

Commissions and brokerage, .... 35,573 50 

Reinsurance, 116,023 12 

Reinsurance disallowed, 111,764 66 



Gross liabilities, except capital, . . . $830,472 53 
Deduct liability on special deposits, . . 6,064 17 



$824,4*'* 36 



Surplus as regards policy holders, $581,15*5 30 

Deposit capital, 300,000 00 



Surplus over capital, $231, loo 30 

Income. 

Marine premiums outstanding Dec. 31, 1898, . $465,659 56 
Same not collected, 31,049 64 



Net collected, $434,609 92 

Premiums on risks written or renewed, . . 2,580,159 90 



Total, $3,014,769 82 

Premiums now in course of collection, . . 389,495 62 



Entire premiums collected, .... §2,625,274 20 
Less reinsurance and return premiums, . . 1,163,995 22 

Net cash marine premiums received, . . $1,461,278 98 

Interest and dividends received from all sources, . . . 54,21* 38 
Received from home office, .... $432,068 80 



Gross cash income, $1,515,497 36 

Expenditures. 

Cash paid for marine and inland losses, . . $1,734,666 84 
Deduct salvage and reinsurance, . . . 1,045,789 54 

Net cash paid for marine and inland losses, . $688,877 30 

Cash paid for commissions and brokerage, .... 244,773 77 
for salaries of officers and employees, . . . 115,064 51 

for State and local taxes, 34,183 60 

Remitted to home office, $857,018 32 



Gross cash expenditures, $1,082,899 18 

Risks and Premiums. 



Marine risks outstanding Dec. 31, 1898, 
Marine risks written during 1899, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



Premiums. 

831,249,369 00 $327,775 94 
880,631,273 00 2,580,159 90 



$911,880,642 00 $2,907,93.' 
882,250,260 00 2,590,893 68 



§29,630,382 00 $317,042 16 
10,263,089 00 123,407 40 



§ 19,367,293 00 $193,634 76 



CALEDONIAN INSURANCE CO. 



425 



Miscellaneous. 
Marine and inland losses incurred during the year, 



. $615,180 00 



UNITED STATES BRANCH OF THE " CALEDONIAN INSURANCE 
COMPANY," EDINBURGH, SCOTLAND. 

Deposit Capital, $200,000. 

CHARLES H. POST, J Manager9m 
N. A. McNEIL, S 

Office, New York, N. Y. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States government bonds, . . . $300,000 00 $343,500 00 

New York city bonds 225,000 00 244,000 00 

Central R.R. of New Jersey bonds, . . . 110,000 00 129,800 00 

Penn. & New York Canal & R.R. Co. bonds, . 100,000 00 92,000 00 

N. Y , Chicago & St. Louis R.R. Co. bonds, . 60,000 00 62,550 00 

Lehigh Valley R.R. Co. bonds, . . . 50,000 00 59,000 00 

Chic, Burlington & Quincy R.R. Co. bonds, . 50,000 00 54,750 00 

Allentown Terminal R.R. Co. bonds, . . 50,000 00 50,500 00 

Richmond & Petersburg R.R. Co. bonds, . . 50,000 00 50,000 00 

St. Paul, Minn. & Manitoba R.R. Co. bonds, . 50,000 00 52,000 00 

Lake Erie & Western R.R. Co. bonds, . . 50,000 00 60,000 00 

Chic, Milwaukee & St. Paul R.R. Co. bonds, . 50,000 00 60,000 00 

Phila., Wilmington & Bait. R.R. Co. bonds, . 50,000 00 55,000 00 

St. Paul, Minn. & Manitoba R.R. Co. bonds, . 50,000 00 56,250 00 

Long Island R.R. Co. bonds, .... 50,000 00 48,000 00 

Chic, Rock Island & Pacific R.R. Co. bonds, . 50,000 00 53,000 00 

Portland, Ore., water loan bonds, . . . 50,000 00 61,250 00 

State of Georgia bonds, 25,000 00 27,250 00 

Lehigh Valley Coal Co. bonds, . . . 25,000 00 25,750 00 

City of Richmond, Va., bonds, .... 25,000 00 26,500 00 

Jersey City city bonds, 8,000 00 9,010 00 

Chic, Milwaukee & St. Paul R.R. Co. stock, . 20,000 00 34,600 00 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for fire risks, .... 
Due from other companies, 
Prem's more than three mos. due, . $7,582 23 
Gross assets, 



$1,498,000 00 $1,654,710 00 

31, 1899. 

$1,654,710 00 

896 97 

113,858 33 

15,496 63 

162,557 23 

513 71 

4,086 42 

$1,952,119 29 



426 



CALEDONIAN INSURANCE CO. 



Unadmitted, 

Special deposits in other States, . . . §229,500 00 

Due from unauthorized companies, . . . 2,288 41 

Due for bills receivable, 513 71 

Cash not in control of trustees, . . . 42,225 21 



$274,527 33 



Balance, $1,677,591 96 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 

Reinsurance, 

Contingent and miscellaneous, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Deposit capital, 



$153,592 84 
32,687 91 
10,105 78 

$196,386 53 
30,295 34 

8166,091 19 

895,464 54 

32,616 63 

31,145 25 

12,821 37 

50 00 

$1,138,188 98 
80,586 40 



1,057,602 58 

$619,989 38 
200,000 00 



Surplus over capital, $419,989 38 



Income. 
Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest and dividends received from all sources, . 



8156,907 20 
1,582,194 83 

$1,739,102 03 
170,139 46 

$1,568,962 57 
422,601 17 



$1,146,361 40 
68,1S6 ^ 



Gross cash income, 



. $1,214,545 H 



COLOGNE REINSURANCE CO. 427 



Expenditures. 

Cash paid for fire losses, $918,839 58 

Deduct salvage and reinsurance, . . . 94,210 80 

Net cash paid for fire losses, .... $824,628 78 

Cash paid for commissions and brokerage, .... 235,741 99 

for salaries of officers and employees, . . . 92,610 64 

for State and local taxes, 38,503 83 

for miscellaneous, 80,085 10 



Gross cash expenditures, ....... $1,271,570 34 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1898, . $180,314,101 00 $1,903,261 31 
Fire risks written during 1899, . . 148,192,335 00 1,582,194 83 



Total, . . . . . . . $328,506,436 00 $3,485,456 14 

Deduct risks expired and terminated, . 127,342,134 00 1,509,312 60 



In force at end of year, .... $201,164,302 00 $1,976,143 54 
Deduct amount reinsured, . . . 20,709,431 00 220,989 52 



Net amount in force, .... $180,454,871 00 $1,755,154 02 

Miscellaneous. 
Fire losses incurred during the year, $836,176 00 



UNITED STATES BRANCH; OF THE " COLOGNE REINSURANCE 
COMPANY," COLOGNE, GERMANY. 

Deposit Capital, $200,000. 
RICHARD LEWIS, United States Manager. 

Office, Hartford, Conn. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $109,000 00 $145,787 50 

New York city bonds, 91,000 00 91,000 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 20,000 00 23,800 00 

Central Pacific R.R. bonds, .... 156,000 00 149,620 00 



$376,000 00 8410,207 50 

Summary op Assets Dec. 31, 1899. 

Stocks and bonds, as per schedule, , , . $410,207 50 

Cash deposited in bank, ..... 10,842 18 

Premiums in course of collection (gross) , . 50,801 12 

Gross assets, $471,850 80 

Unadmitted. 
Cash not in control of trustees, 10,842 18 



Balance, $461,008 62 



428 



COLOGNE REINSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, . 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
State and local taxes, 
Commissions and brokerage, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, 
Deposit capital, 



Surplus over capital, . 



$3,999 25 

6,328 11 

68,609 68 

109 20 

14,607 17 



|93,653 41 

$367,355 21 
200,000 00 

£167,355 21 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, 



Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest and dividends received from all sources, . 

Gross cash income, 



$14,449 49 
138,264 53 

$152,714 02 
50,801 12 

$101,912 90 
13,981 68 



$87,931 22 
105,707 94 



Expenditures. 

Cash paid for fire losses, 

Cash paid for commissions and brokerage, 

for State and local taxes, 

for incidentals, . 
Remitted to home office, 

Gross cash expenditures, . 



$27,438 04 



$40,268 73 

24,643 94 

3,143 88 

193 65 



$68,250 20 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 



Risks and Premiums. 

Premiums. 

. $2,688,448 00 $21,387 98 
. 17,445,410 00 138,264 53 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 



. $20,133,858 00 $159,652 51 
. 5,398,014 00 35,691 79 



.£14,735,844 00 $123.9 



Miscellaneous. 
Fire losses incurred during the year, 



$46,395 00 



COMMERCIAL UNION ASSURANCE CO. (LIMITED). 



429 



UNITED STATES BRANCH OF THE "COMMERCIAL UNION 
ASSURANCE COMPANY (LIMITED)," LONDON, ENGLAND. 

Deposit Capital, $200,000. 

A. H. WRAY, Manager. 

Office, New York, N. Y. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, $425,000 00 

Baltimore & Ohio R.R. bonds, .... 30,000 00 

Central of New Jersey R.R. bonds, . . . 50,000 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 100,000 00 

Chicago & North Western R.R. bonds, . . 120,000 00 

Chicago, Rock Island & Pacific R.R. bonds, . 60,000 00 

Cleveland, Cin., Ohio & St. Louis R.R. bonds, 50,000 00 

Indianapolis & Vincennes R.R. bonds, . . 65,000 00 

Lehigh Valley of New York R.R. bonds, . 50,000 00 

Lehigh Valley Terminal R.R. bonds, . . 50,000 00 

Michigan Central R.R. bonds 40,000 00 

Milwaukee, Lake Shore & Western R.R. bonds, 25,000 00 

N. Y. Central & Hudson River R.R. bonds, . 30,000 00 

Western Pennsylvania R.R. bonds, . . . 50,000 00 

West Shore R.R. bonds, 50,000 00 

Union Pacific R.R. bonds, 100,000 00 

New York & Long Branch R.R. bonds, . . 28,000 00 

Northern Pacific R.R. bonds, .... 100,000 00 

New York city bonds, 200,000 00 

Pittsburg, Fort Wayne & Chicago R.R. stock, . 15,000 00 



Market Value. 

$484,500 00 
29,250 00 
57,750 00 

112,250 00 

144,400 00 
75,600 00 
47,500 00 
77,350 00 
54,000 00 
54,500 00 
40,600 00 
33,750 00 
32,700 00 
55,500 00 
55,000 00 

102,000 00 
35,560 00 
99,000 00 

213,000 00 
29,450 00 



$1,638,000 00 $1,833,660 00 



Summary of Assets Dec. 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the cornpan}-, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 



31, 1899. 

$888,148 69 

265,500 00 

3,759 05 

1,833,660 00 

9,171 38 

343,466 30 

22,941 63 

396,568 37 

3,097 49 



* Value of lands mortgaged $188,000 00 

Value of buildings thereon 260,000 00 

Amount of insurance held as collateral 212,500 00 



430 COMMERCIAL UNION ASSURANCE CO. (LIMITED). 



Rents due and accrued, 
Reinsurance due on losses paid, 
Prem's more than three mos. due, 
Gross assets, 



.f 7,365 35 



$7,179 88 
6,922 16 



13,780,414 95 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 
Bills receivable, 



1256.500 00 

50,029 34 

3,097 49 



309,626 83 



Balance, $3,470,788 12 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 
Return premiums, .... 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



$130,218 00 

230,050 00 

26,100 00 

?386,368 00 
15,725 00 

$370,643 00 

1,937,456 44 

96,063 82 

51,952 15 

1,604 89 

6,712 42 

604 39 

$2,465,037 11 
169,536 51 



2,295,500 60 



Surplus as regards policy holders, $1,175,287 52 

Deposit capital, 200,000 00 



Surplus over capital, 



•75,287 52 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, 

■ 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 



$387,032 30 
3,019,923 73 

$3,406,956 03 
400,106 70 

$3,006,849 33 
555,421 89 



$2,451,427 44 



COMMERCIAL UNION ASSURANCE CO. (LIMITED). 431 

Marine premiums outstanding Dec. 31, 1898, . $5,054 84 

Premiums on risks written or renewed, . . 78,439 67 



Total, $83,494 51 

Premiums now in course of collection, . . 3,827 02 



Entire premiums collected, .... $79,667 49 
Less reinsurance and return premiums, . . 12,586 01 

Net cash marine premiums received, . $67,081 48 

Interest received on mortgages, 11,553 75 

Interest and dividends received from all other sources, . . 86,401 57 

Income from rents, . 21,807 34 

Deposits received for perpetual fire risks, . $2,641 23 

Gross cash income, . . $2,638,271 58 

Expenditures. 

Cash paid for fire losses, $1,614,247 46 

Deduct salvage and reinsurance, . . . 55,764 08 

Net cash paid for fire losses, .... $1,558,483 38 

Cash paid for marine and inland losses, . . $18,168 99 
Deduct salvage and reinsurance, . . . 10,423 26 

Net cash paid for marine and inland losses, . 7,745 73 

Cash paid for commissions and brokerage, .... 474,574 60 
for salaries of officers and employees, . . . 140,331 89 

for State and local taxes, 81,648 84 

for incidentals, 152,532 50 

Remitted to home ofilce, $190,782 52 



Gross cash expenditures, $2,415,316 94 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



Premiums. 

$388,706,556 00 $3,659,857 97 
304,218,134 00 3,019,923 73 



$692,924,690 00 $6,679,781 70 
269,739,902 00 2,750,120 42 



$423,184,788 00 $3,929,661 28 
25,598,363 00 181,986 82 



$397,586,425 00 $3,747,674 46 



Perpetual risks in force (not incPd above), $5,107,328 00 $106,737 57 

Marine risks written during 1899, . . $30,238,000 00 $78,439 67 

Deduct risks expired and terminated, . 29,852,280 00 59,183 81 



In force at end of year, .... $385,72000 $19,25586 

Miscellaneous. 

Fire losses incurred during the year, ^1,695,693 00 

Marine and inland losses incurred during the year, . . 12,396 00 



432 



HAMBURG-BREMEN FIRE INSURANCE CO. 



UNITED STATES BRANCH OF THE "HAMBURG-BREMEN FIRE 
INSURANCE COMPANY/' HAMBURG, GERMANY. 

Deposit Capital, $200,000. 

F. O. AFFELD, Resident Manager. 

Office, New York, N. Y. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $100,000 00 $114,000 00 

Georgia State bonds, 25,000 00 29,000 00 

New York city water stock bonds, . . . 130,000 00 130,975 00 

New York city schoolhonse bonds, . . . 100,000 00 100,500 00 

Portland, Ore., city bonds, .... 50,000 00 58,250 00 

Providence, R. I , city bonds, .... 25,000 00 28,500 00 

Richmond, Va., city bonds, .... 15,000 00 17,100 00 

St. Louis, Mo., city bonds, .... 25,000 00 25,625 00 

Edison Elec. Illuminating Co. of N. Y. bonds, 20,000 00 21,500 00 

Beech Creek R.R. bonds, 20,000 00 21,600 00 

Central of Georgia R.R. bonds, . . . 30,000 00 35,400 00 

Central R.R. of New Jersey bonds, . . . 30,000 00 35,850 00 

Central Pacific R.R. Co. bonds, . . . 20,000 00 19,500 00 

Chesapeake & Ohio R.R. bonds, . . . 10,000 00 11,500 00 

Chic , Mil. & St. Paul R.R. bonds, . . . 60,000 00 69,600 00 

Cin., Indiana'lis, St. Louis & Chic. R.R. bonds, 30,000 00 30,000 00 

Denver & Rio Grande R.R. bonds, . . . 25,000 00 24,375 00 

East Tenn., Va. & Georgia R.R. bonds, . . 25,000 00 28,500 00 

Illinois Central R.R. bonds, .... 50,000 00 51,250 00 

Lake Erie & Western R.R. bonds, . . . 30,000 00 35,550 00 

Long Island R.R. bonds, 30,000 00 36,000 00 

Louisville & Nashville R.R. bonds, . . . 30,000 00 32,400 00 

Metropolitan Street R.R. bonds, . . . 15,000 00 17,700 00 

Mil., Lake Shore & West. R.R. Co. bonds, . 10,000 00 12,100 00 

Missouri, Kansas & Texas R.R. bonds, . . 20,000 00 18,000 00 

New York, Chic. & St. Louis R.R. bonds, . 30,000 00 31,275 00 

N. Y., Lake Erie & Western R.R. bonds,. . 25,000 00 33,750 00 

Northern Pacific R.R. bonds, .... 30,000 00 31,050 00 

Oregon Railway & Navigation Co. bonds, . 25,000 00 25,250 00 

Pennsylvania Co. bonds, . ' . . . . 30,000 00 33,750 00 

Pennsylvania R.R. bonds 25,000 00 28,850 00 

Pittsburg, Cin., Chic. & St. Louis R.R. bonds, . 30,000 00 33,900 00 

St. Louis & San Francisco R.R. bonds, . . 15,000 00 15,975 00 

St. Paul, Minn. & Manitoba R.R. bonds, . . 30,000 00 34,350 00 

Scioto Valley & New England R.R. bonds, . 30,000 00 29,100 00 

Union Pacific R.R. bonds, 25,000 00 26,062 50 

Wabash R.R. bonds, 30,000 00 33,900 00 



$1,250,000 00 $1,361,987 50 



HAMBURG-RREMEN FIRE INSURANCE CO. 



433 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for lire risks, 

Gross assets, 

Unadmitted. 
Special deposits in other States, 
Bonds not in control of trustees, 
Cash not in control of trustees, 
Interest not in control of trustees, . 
Bills receivable, ..... 



Balance, 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due for borrowed money, 
Commissions and brokerage, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, 



Surplus over capital, 



Income. 
Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 



31, 1899. 

$1,361,987 50 

72,631 56 

1,000 00 

140,979 08 

399 68 



$104,350 00 

108,262 50 

72,631 56 

1,000 00 

399 68 



$1,576,997 82 



286,643 74 
$1,290,354 08 



$26,025 00 

94,690 00 

17,700 00 

$138,415 00 

14,605 00 

$123,810 00 

855,869 12 

15,000 00 

37,451 19 

1,032,130 31 

64,360 02 



967,770 29 

$322,583 79 
200,000 00 

$122,583 79 



$132,177 29 
1,374,418 52 

$1,506,595 81 
140,979 08 



Entire premiums collected, .... $1,365,616 73 
Less reinsurance and return premiums, . . 255,420 68 

Net cash fire premiums received, . . . $1,110,196 05 

Interest and dividends received from all sources, . . . 55,517 61 
Borrowed money, $15,000 00 

Gross cash income, $1,165,713 66 



434 



HELVETIA SWISS FIRE INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, $745,802 62 

Deduct salvage and reinsurance, . . . 77,671 63 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, .... 

for salaries of officers and employees, . 

for State and local taxes, 

for incidentals, 



Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 



$131,672,168 00 
115,198,094 00 

$246,870,262 00 
103,867,988 00 

$143,002,274 00 
6,919,089 00 



$668,130 99 

202,339 21 

111,443 61 

37,308 02 

82,203 76 

$1,101,425 59 



Premiums. 

$1,607,414 34 
1,374,418 52 

$2,981,832 86 
1,247,978 04 

$1,733,854 82 
76,934 71 



Net amount in force, . 



$136,083,185 00 $1,656,920 11 



Miscellaneous. 
Fire losses incurred during the year, 



$731,721 00 



UNITED STATES BRANCH OF THE "HELVETIA SWISS FIRE 
INSURANCE COMPANY," ST. GALL, SWITZERLAND. 

Deposit Capital, $200,000. 

WEED & KENNEDY, United State* Managers. 

Office, New York, N. Y. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

New York State canal bonds, .... $200,000 00 $203,000 00 

United States bonds, 310,000 00 367,225 00 

Lake Erie & Western R.R. bonds, . . . 5,000 00 6,000 00 

Milwaukee, Lake Shore & Western R.R. bonds, 5,000 00 6,850 00 

St. Paul & Sioux City R.R. bonds, . . . 5,000 00 6,400 00 

Evansville & Terre Haute R.R. bonds, . . 5,000 00 6,350 00 

Long Island R.R Co. bonds, .... 5,000 00 6,000 00 

Pacific R.R. of Missouri bonds, . . . 5,000 00 5,275 00 

Denver & Rio Grande R.R. bonds, . . . 5,000 00 5,125 00 

Cleveland & Mahoning Valley R.R. bonds, . 5,000 00 6,350 00 

Lehigh Valley Railway Co. bonds, . . . 5,000 00 5*500 00 



HELVETIA SWISS FIRE INSURANCE CO. 



435 



New York city bonds, 
Panama R R. Co. bonds, 



Par Value. 

850,000 00 
20,000 00 



Market Value. 

$53,750 00 
21,000 00 



$625,000 00 $698,825 00 



Summary of Assets Dec. 31, 1899. 



Stocks and bonds, as per schedule, . 
Cash in the office of the company, , 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Prem's more than three mos. due, . $940 38 
Gross assets, 



Unadmitted. 



Cash not in control of trustees, 



Balance, 



Liabilities. 



Losses adjusted, unpaid, .... 
claimed and reported, . . . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Deposit capital, . 



Surplus over capital, 



Income. 

Fire premiums outstanding Dec. 31, 1898, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest and dividends received from all sources, 



$698,825 00 

463 75 

106,689 31 

3,291 67 

107,151 78 



$16,522 98 

61,733 28 

5,947 85 

$84,204 11 
3,259 58 



),944 53 

255,341 40 

21,381 28 

29,441 91 

1,052 44 



$77,271 66 
590,646 42 

$667,918 08 
108,092 16 

$559,825 92 
136,712 69 



$916,421 51 

2,614 47 
$913,807 04 



388,161 56 

$525,645 48 
200,000 00 

$325,645 48 



$423,113 23 
27,164 18 



Gross cash income, $450,277 41 



436 



THE IMPERIAL INSURANCE CO. (LIMITEl 



Expenditures. 

Cash paid for fire losses, $309,019 98 

Deduct salvage and reinsurance, . . . 43,852 51 

Net cash paid for tire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



Gross cash expenditures, $41'J,187 90 



$265,367 47 

114,345 67 

3,000 00 

19,088 55 

17,386 21 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1898, 
Fire risks written during 1899, 

Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$37,6 14,405 00 
59,940,900 00 

$97,555,305 00 
47,048,299 00 

$50,507,006 00 
2,895,507 00 



Premiums. 

$385,652 55 

590,646 42 

$976,198 97 
457,158 26 

$519,040 71 
28,741 32 



$47,611,499 00 $490,299 39 



Miscellaneous. 
Fire losses incurred during the year, 



$318,950 00 



UNITED STATES BRANCH OF "THE IMPERIAL INSURANCE 
COMPANY (LIMITED)," LONDON, ENGLAND. 

Deposit Capital, $200,000. 

J. J. COURTNEY, Attorney. 

Office, New York, N. Y. 



Detailed Statement of 



United States bonds, . 
New York city bonds, 
City of Boston bonds, 
City of Providence bonds, 
"West Shore R.R. bonds, . 
Lehigh Valley R.R. bonds, 
West Virginia State certificates, 
County of Essex, N. J., park bond: 
Hudson Count}', N. J., bonds, . 
Illinois Central R.R. Co. bonds, 



Stocks and Bonds. 

Par Value. 

$481,000 00 

110,000 00 

100,000 00 

50,000 00 

50,000 00 

40,000 00 

28,666 67 

100,000 00 

50,000 00 

50,000 00 



Market Value. 

$548,340 00 

110,700 00 

105,125 00 

52,250 00 

55,250 00 

43,200 00 

1,720 00 

106,000 00 

57,000 00 

49,250 00 



81,059,666 67 $1.12- £ 



THE IMPERIAL INSURANCE CO. (LIMITED). 



437 



Summary of Assets Dec. 31, 1899 



Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for fire risks, .... 
Rents due and accrued, .... 
Prem's more than three mos. due, $19,193 50 
Gross assets, 



$476,634 70 

1,128,835 00 

443 54 

76,602 74 

5,091 66 

245,289 06 

189 02 

5,290 02 



$1,938,375 74 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 
Bills receivable, 



$279,300 00 

77,046 28 

189 02 



356,535 30 



Balance, $1,581,840 44 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, 
Return premiums, 
Reinsurance, .... 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



$92,763 72 
65,893 43 
26,413 60 

$185,070 75 
3,935 79 

$181,134 96 

886,142 40 

2,502 34 

8,921 10 

46,030 69 

16,718 04 

10,053 17 

1,287 56 

1,152,790 26 
126,782 47 



1,026,007 79 



Surplus as regards policy holders, 
Deposit capital, .... 



. $555,832 65 
200,000 00 



Surplus over capital, $355,832 65 



438 



THE IMPERIAL INSURANCE CO. (LIMITED). 



Income. 

Fire premiums outstanding Dec. 31, 1898 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest and dividends received from all 
Income from rents, .... 
Received from home office, 



. $236,624 13 
. 1,465,128 72 

. fl.701,752 85 
264,482 56 

. $1,437,270 29 
295,957 08 



sources, 



31,141,313 21 
53,366 46 
13,117 13 



$83,565 87 



Gross cash income, 



. $1,207,796 80 



Expenditures. 

Cash paid for fire losses, $868,778 87 

Deduct salvage and reinsurance, . . . 67,654 04 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, .... 

for salaries of officers and employees, . 

for State and local taxes, 

for incidentals, 

Remitted to home office, $73,167 97 

Gross cash expenditures, , 



$801,124 83 

219,881 11 

85,933 70 

44,972 13